pörssilistatut

Pörssilistatut is a term used to describe entities whose securities are officially listed and traded on a stock exchange. In Finland and the Nordic region, it commonly refers to companies whose shares or other securities have been admitted to trading on markets operated by Nasdaq Nordic (such as Nasdaq Helsinki). The designation covers listed companies and, more broadly, securities that have met the exchange’s requirements and are subject to its trading and disclosure rules.

Becoming pörssilistattu requires meeting and maintaining specific listing criteria set by the exchange. These criteria typically include minimum market capitalization, sufficient free float, liquidity, a viable business model, and a track record of financial reporting. The listing process usually involves preparing a prospectus, obtaining approval from the exchange and regulatory authorities, and agreeing to ongoing disclosure obligations. Once listed, issuers must comply with the exchange’s corporate governance standards, market conduct rules, and reporting requirements.

Obligations and governance for listed entities include regular publication of financial results (annual and interim reports), timely disclosure of price-sensitive information, adherence to insider trading regulations, and maintaining transparent governance practices. Listed companies are also subject to ongoing supervision by the exchange and, in many cases, financial market authorities.

Benefits of listing generally include access to capital, improved liquidity for shareholders, enhanced visibility, and potential valuation gains. However, listing also entails ongoing regulatory costs, heightened scrutiny, and the need to maintain compliance and robust corporate governance. Some markets may impose additional ongoing requirements, such as market-making or sponsor obligations.