Nasdaq RigaPress release
Nasdaq Welcomes Primostar Group to the Baltic First North Market
Tallinn/Riga/Vilnius, Nasdaq Baltic Market, June 5, 2025 – Nasdaq (NDAQ)announces that shares of Primostar Group (ticker: PRIMO) have been admitted totrading on the Nasdaq Baltic First North Market as of today. Primostar Group isan Estonian company specializing in the construction of below-gradewaterproofing concrete structures.
The listing of Primostar Group shares follows the initial public offering toEstonian, Latvian, and Lithuanian investors. The base amount of the offeringwas EUR 1 million. The demand for the shares was approximately EUR 367,000, anda total of 290 investors subscribed to the shares.
“Primostar Group is a company that does not lack courage. Their team set outwith the goal of becoming a public company, and here they are, now being listedon the Nasdaq Baltic First North Market,” said Kaarel Ots, CEO of NasdaqTallinn. “I’m happy to welcome Primostar Group to the market and wish them allthe best in realizing their growth plans.”
“We chose First North market because we see it as a natural step to support ourinternational growth. We have expanded strongly into different countries inrecent years, and we want to continue this momentum. First North gives usbetter access to new partners and investors, increases our transparency,credibility and strengthens our reputation in all target markets,” said IndrekUusalu, CEO of Primostar Group.
“In addition, it will allow us to raise capital in a flexible and transparentmanner in the future, without losing focus on our core business – high-qualityand sustainable waterproofing,” commented Uusalu.
The law firm Ellex Raidla advised the company in the listing process and servesas the certified adviser for Primostar Group on the First North Market.
Nasdaq First North Market is tailored to support smaller, growing companiesthat want to raise capital and get the visibility and credibility of being apublic company. For investors, First North offers an opportunity to invest incompanies that are at an earlier stage of their growth.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, NasdaqRiga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:nasdaqbaltic.com
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Media Contacts:
Ott RaidlaNasdaq Tallinn / Nasdaq Baltic MarketMarketing and Communications Managerott.raidla@nasdaq.com+372 5552 4824https://view.news.eu.nasdaq.com/view?id=bc869f158762901509becad890d8d6bea&lang=en&src=omxlink
