The Riga stock exchange was opened in 1992, the Vilnius exchange in 1993 and the Tallinn exchange in 1996. Today, the Baltic stock exchanges have joined and are commonly referred to as the Nasdaq Baltic stock exchange.
All three stock exchanges have a similar structure, comprised of three parts:
1) The main list of the stock exchange, where the company must have an operation period of at least three years, the company must have at least 4-million euros worth of market value and strict information disclosure requirements apply.
2) A secondary list of the stock exchange, where the company must have an operation period of at least two years, the company must have at least 1-million euros worth of market value and strict information disclosure requirements apply.
3) An alternative trading facility, First North, where certain market capitalisation and fixed activity history terms are not necessary, as well as less strict rules for information disclosure apply.
As of 2018, the market capitalisation of the Baltic main list is 6.1 billion euros, the secondary list market capitalisation is 1.8 billion euros, and First North is 59.5 million euros.