The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

operating in

Tallinn Tallinn () is the most populous and capital city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in the Harju ' ...

Estonia Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...

. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, formerly known as TALSE.

History

The foundation of Estonian Central Securities Depository in 1994 created the basis for the development of the secondary market based on electronic trading system. This was realized with the founding of the Tallinn Stock Exchange in April 1995 by 10 commercial banks, 9 brokerage firms and state players (Hüvitusfond,

Bank of Estonia Bank of Estonia ( et, Eesti Pank) is the central bank of Estonia as well as a member of the Eurosystem organisation of euro area central banks. The Bank of Estonia also belongs to the European System of Central Banks. Until 2010, the bank ...

, and

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

), equal holding of each of them. Licensed by the Ministry of Finance, Tallinn Stock Exchange opened for trading on May 31, 1996 with 11 securities listed. June 3 was the first calculation day for the TALSE index. In 1999 September 24, The alliance of Nordic Exchanges (

NOREX In 1997, the Copenhagen Stock Exchange and the Stockholm Stock Exchange initiated formalized cooperation through NOREX, with the purpose of establishing a joint Nordic securities market. At the beginning of 1998, the two exchanges established a jo ...

) formally invited Tallinn Stock Exchange, alongside Riga Stock Exchange and the National Stock Exchange of Lithuania, to start negotiations for the potential merger with the union. In 2001 May 28, the Baltic exchanges and the NOREX officially announced that they suspended further cooperation. In 2000 October, Tallinn Stock Exchange and Estonian CSD formed, based on the two companies, a group under single strategic management. In 2001 April, HEX Group from Finland acquired strategic ownership in the Tallinn Stock Exchange Group. Trading in Estonian securities in the HEX trading system started on February 25, 2002. In 2003 September 4, The first day of operations for OMHEX, the new parent company of HEX Tallinn, created by the merger of Swedish OM and Finnish HEX. In 2004, as a result of merger between Finnish and Swedish securities market operators into OMX, the Tallinn Stock Exchange adopted new trading platform. In 2007, the alternative market “First North” was launched. In 2008,

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

and OMX merged; NASDAQ OMX Group, Inc. was formed. OMX Tallinn became NASDAQ OMX Tallinn. In 2014, NASDAQ OMX Group, Inc. changed its business name to Nasdaq, Inc. NASDAQ OMX Tallinn became Nasdaq Tallinn.

Tradable securities

Main list

As of August 2022, there were 18 companies listed on the main list of Nasdaq Tallinn: * Arco Vara (ARC1T) *

Baltika Baltika Brewery (russian: link=no, Пивоваренная компания "Балтика") is the second largest brewing company in Europe and the leader of the Russian beer market with over 38% market share. It is headquartered in St. Pet ...

(BLT1T) *

Coop Pank Coop Pank (earlier ''Eesti Krediidipank'') is an Estonian bank, headquartered in Tallinn. The bank operates only in Estonia. The official name of the bank is Coop Pank AS. Coop Pank offers deposits, business and personal loans, leasing, bank car ...

(CPA1T) *

EfTEN Real Estate Fund III EfTEN Real Estate Fund III is an Estonian company which acts as a real estate fund for private investors. The company has offices in Baltic states. Most of the company's revenue comes from retail premises, and geographically from Lithuania. Th ...

(EFT1T) *

Ekspress Grupp Ekspress Grupp is an Estonia Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Swe ...

(EEG1T) *

Enefit Green Enefit Green AS is a publicly traded renewable energy company located in Tallinn, Estonia. It went public on Nasdaq Tallinn in October 2021 with 23 % of shares, the rest being owned by the state-owned energy company Eesti Energia. CEO of the comp ...

(EGR1T) * Harju Elekter (HAE1T) * Hepsor (HPR1T) * LHV Group (LHV1T) *

Merko Ehitus Merko Ehitus is Estonian construction company ( joint-stock company) which is focusing on prime contracting and project management. The company is active in Baltic countries being one of the leading construction companies in these countries. Mer ...

(MRK1T; previously MKO1T) *

Nordecon Nordecon (earlier names ''Eesti Ehitus'' and ''Nordecon International'') is Estonian construction company. The company's biggest stakeholder and chairman of company's council is Toomas Luman. Since May 2006, the company is listed in Nasdaq Tall ...

(NCN1T; previously

Eesti Ehitus Nordecon (earlier names ''Eesti Ehitus'' and ''Nordecon International'') is Estonian construction company. The company's biggest stakeholder and chairman of company's council is Toomas Luman. Since May 2006, the company is listed in Nasdaq Tall ...

) *

PRFoods PRFoods (earlier AS ''Premia Foods'') is an Estonian fish farming, fish producing and fish selling company. The company activities take place in Estonia, Finland, Sweden and Great Britain. In 2017, the company acquired John Ross Jr and Coln Vall ...

(PRF1T) *

Pro Kapital Grupp Pro Kapital Grupp is an Estonian real estate development company which focuses on large-scale commercial and residential real estate projects in Baltics' capitals (Tallinn, Riga, Vilnius). The company is established in 1994. The company has a t ...

(PKG1T) *

Silvano Fashion Group Silvano Fashion Group is an Estonian company which focuses on designing, manufacturing and saling of ladies lingerie. In total, the company has six lingerie, beachwear and underwear brands: Milavitsa, Lauma Lingerie, Alisee, Avelin and Laumelle ...

(SFGAT; previously PTA Grupp, PTAAT) * Tallink Grupp (TAL1T) *

Tallinna Kaubamaja Grupp Tallinna Kaubamaja Group ( et, Tallinna Kaubamaja Grupp) is Estonian trade Concern (business), concern located in Tallinn. The Group's operators deals with both: retail and wholesale trade. Over one tenth of Estonian retail is contributed by the G ...

(TKM1T) *

Tallinna Sadam Jalgpalliklubi Tallinna Sadam (Port of Tallinn Football Club) was an Estonian football club that existed from 1991 until 1998. The club won the Estonian Cup in 1996 and 1997 and were Estonian Meistriliiga runners up in 1997–1998 and 1998 seas ...

(TSM1T) *

Tallinna Vesi Tallinna Vesi is an Estonian company which offers water supply, wastewater collection and treatment services. This company is the largest water utility company in Estonia. The company is serving over 460,000 people in Tallinn and Harju County. Th ...

(TVEAT)

Secondary List

As of August 2022, there were two companies listed on the Secondary List of Nasdaq Tallinn: * Nordic Fibreboard (SKN1T) * Trigon Property Development (TPD1T)

Bond List

As of 2019 May, there were 7 corporate bond issues listed on the Bond List of Nasdaq Tallinn: * Admiral Markets 8% subord. bond * Baltic Horizon Fund 4.25% bond * Inbank 7.00% subord. bond * LHV Group 7.25% subord. bond * LHV Group 6.50% subord. bond * LHV Group 6.00% subord. bond * UPP Olaines 7.00% subord. bond

Fund List

As of 2019 May, there were the units of one investment fund listed on Nasdaq Tallinn Fund List: * Baltic Horizon Fund

Nasdaq First North

As of August 2022, the securities of 12 companies were being traded on Nasdaq Tallinn First North market: * Airbot Technologies (AIR) * Bercman Technologies (BERCM) *

Cleveron Mobility Cleveron is an Estonian company which produces robotics-based parcel terminals and creates click-and-collect solutions for retail and logistics sectors. Cleveron headquarters are located in Viljandi, Estonia. Cleveron was established in 2007 wh ...

(CLEV) * Estonian Japan Trading Company (EJTC) * ELMO Rent (ELMO) *

Hagen Bikes Hagen () is the 41st-largest city in Germany. The municipality is located in the state of North Rhine-Westphalia. It is located on the south eastern edge of the Ruhr area, 15 km south of Dortmund, where the rivers Lenne and Volme (met by ...

(HAGEN) * Linda Nektar (LINDA) *

MADARA Cosmetics MADARA Cosmetics also known as MÁDARA, is a Latvian manufacturer of organic skin care, hair care and baby care products. The ingredients include biologically certified blossoms and herbal extracts from the Northern Europe, Northern and Baltic r ...

(MDARA) *

Modera Modera may refer to: *Modera House, a stately home in Colombo, Sri Lanka * Hotel Zags Portland, a hotel in Portland, Oregon previously known as Hotel Modera See also * Modara, a municipal ward of Colombo *Moderna, an American pharmaceutical compan ...

(MODE) * Punktid Technologies (PNKTD) * Robus Group (ROBUS) * Saunum Group (SAUNA)

Trading Day

Formerly listed companies

Eesti Telekom Telia Eesti AS (formerly AS Eesti Telekom) is one of the largest telecommunication companies in the Baltic states, Baltic States and member of Telia Company. AS Eesti Telekom is a holding company registered and operating in the Republic of Estoni ...

(ETLAT) *

Eesti Ühispank SEB Pank is an Estonian bank, owned by the Swedish bank SEB. SEB is the second largest bank in Estonia and is a member of the international SEB Group. Until 11 April 2005 the name of the bank was Eesti Ühispank, which was originally founded in ...

* Estiko *

Hansapank Hansabank was a bank operating in Estonia, Latvia, and Lithuania owned by the FöreningsSparbanken/ Swedbank, a Swedish bank. Following a decision taken by the Swedbank group on 15 September 2008, the Hansabank name was discontinued in 2009 w ...

* Kalev (KLV1T), later Luterma AS *

Norma Norma may refer to: * Norma (given name), a given name (including a list of people with the name) Astronomy *Norma (constellation) * 555 Norma, a minor asteroid *Cygnus Arm or Norma Arm, a spiral arm in the Milky Way galaxy Geography *Norma, Lazi ...

(NRM1T) *

Olympic Entertainment Group Olympic Entertainment Group (OEG) is an Estonian concern which focuses on entertainment business. The Group is the leading provider of gaming services in Baltic States and also operates casinos in Italy, Malta and Slovakia. The company's board ...

(OEG1T) * Saku Õlletehas (SKU1T) *

AS Starman Starman was an Estonian cable television and Internet service provider company founded in 1992 and located in Tallinn. Since December 2016, Starman Estonia is wholly owned by Elisa. Starman was the largest cable television company in Estonia a ...

(SMN1T) *

Tallinna Farmaatsiatehas Tallinn () is the most populous and capital city of Estonia. Situated on a Tallinn Bay, bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in t ...

(TFA1T)

References

External links

Official websiteNasdaq Baltic Index
{{coord, 59.4064, N, 24.7926, E, source:wikidata, display=title Financial services companies established in 1996 Economy of Estonia Stock exchanges in Europe

Nasdaq Nordic Economy of Tallinn