Nasdaq Welcomes ELMO Rent to Baltic First North Market

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, July 1, 2021

Nasdaq (NDAQ) announces that the shares of ELMO Rent, an Estonian company
providing green vehicle sharing services, have been admitted to trading on
Nasdaq Baltic First North Market by Nasdaq Tallinn as of today, July 1. 

The admittance to trading of ELMO Rent shares follows the initial public
offering of the company. The total demand for the shares was EUR 1.92 million
and the offering was 3.2 times oversubscribed. 1313 investors participated in
the offering. 

"Becoming a public company requires ambition and courage. I'm really happy to
see more and more new generation Estonian entrepreneurs who have this courage
to take on the challenge to bring their company into public spotlight," said
Kaarel Ots, CEO of Nasdaq Tallinn. "ELMO Rent is a great example of such a
company." 

"The feedback we received from investors during the IPO preparation and
subscription period was perfect. That feedback alone doubled our strenght and
accelerated our initial action plan," said Enn Laansoo Jr, founder of ELMO
Rent. "In addition, due to the great interest investors showed in the offering,
we have gained a lot of worthy contacts." 

Law firm Sorainen serves as the certified adviser for ELMO Rent on First North
market. 

ELMO Rent is a company established in Estonia whose main business activity is
to offer environmentally friendly car rental service. ELMO Rent also develops,
sells, and scales environmentally friendly and innovative technologies related
to car rental services, such as the IT operating system for managing the car
park, car controller, and remote control vehicle. 

Nasdaq First North Market is tailored to support smaller, growing companies
that want to raise capital and get the visibility and credibility of being a
public company. For investors, First North offers an opportunity to invest in
companies that are at an earlier stage of their growth. 


Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business vision with
confidence. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. 

Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq
Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:
nasdaqbaltic.com 

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. 



MEDIA RELATIONS CONTACTS:   
+    Ott Raidla      
+    [phone]    
+    [e-mail]
------------------------------



Nasdaq Baltic is a common name for exchanges, regulated markets, alternative
markets First North operated by Nasdaq companies in the Baltic states, i.e.
Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.