Nasdaq's Listing Options

First North 25 Index

Introducing First North 25

The First North 25 index is launched October 15, 2015, and is an important part of Nasdaq’s continuous efforts to provide the leading platform for growth companies. 

By launching First North 25, Nasdaq wants to highlight the growing investment opportunities on Nasdaq First North to a broader group of investors, and provide further visibility for companies included in the index.

Watch video from the First North 25 Index launch event


The First North 25 index portfolio is selected through a two-step process. First, the 30 largest companies by market capitalization are identified. Then, the 25 most traded shares within this pool, measured by aggregated trading turnover over a six month period, are selected for the index portfolio. The index portfolio will be rebalanced twice a year with new portfolios being effective the first trading day in January and July.

Read more about the portfolio selection criteria >


Nasdaq also introduces four local country indexes for the Nordic markets; First North Sweden, First North Finland, First North Denmark and First North Iceland. The four indices will include shares traded on the respective markets, and are designed to add further visibility for Nasdaq First North in the Nordics.

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