Baltic, Financial Services, Latvia, Markets and Companies

„On alternative market, Certified Adviser is a key element. It serves as a bridge between the company and the stock exchange. This is why we are happy for Baker Tilly Baltics to join our list of Certified Advisers. We believe that having a wider list of Certified Advisers will lead to a greater awareness among companies in Latvia of the possibilities to raise capital on alternative stock market. The experience of Baker Tilly Baltics and its expertise in providing financial advice is expected to encourage more companies to follow the example of Goldinvest Asset Management – the first company that joined First North last year,” believes Liene Dubava, a NASDAQ OMX Riga Management Board Member.   

Ēriks Bahirs, Chairman of the Management Board, Baker Tilly Baltics, adds: „During 13 years in the business, Baker Tilly Baltics has built its experience annually auditing over 100 companies across Latvia, including medium-size as well as large companies that are listed on the stock exchange Secondary List, e.g. Latvijas Balzams, Daugavpils Lokomotīvju Remonta Rūpnīca and Latvijas Tilti. Apart from that, Baker Tilly Baltics provides other professional services, such as tax consultancy, financial accounting, restructuring and other services related to business development. Therefore I am convinced that we shall succeed in establishing a good co-operation with the companies that, we believe, could benefit from being listed on the alternative market First North – be that investments that they seek for their business expansion or publicity.”  

To join the alternative market, a company is required to cooperate with a Certified Adviser operating at the First North. The main task of Certified Adviser is to support the company in complying with the disclosure requirements or other market rules, so that investors have sufficient amount of information in order to take high quality investment decisions.   

As of today, four Certified Advisers are operating in the alternative market in Latvia: Ardente, Eventus Corporate Finance and SEB Enskilda, and Baker Tilly Baltics. Altogether 15 Certified Advisers are operating in First North in the Baltic countries.