Investors and listed companies are leaving Estonia’s Nasdaq Tallinn stock exchange, ERR reports. Joakim Helenius, chairman of Trigon Capital, which handles the Norwegian Oil Fund’s investments on Nasdaq Tallinn, noted that foreign investors had been pulling money out of the Estonian stock market for several years and no new foreign investors were coming in. He argued that the Tallinn stock exchange should shut down and merge with Nasdaq Stockholm. Valeria Kiisk, partner at Redgate Capital, pointed out that there were no public offerings because there were no investors, and there were no investors because there were no major offerings. She urged Estonia’s state-owned companies to list their shares and the government to list its bonds on Nasdaq Tallinn. Ott Raidla, head of marketing at Nasdaq Tallinn, insisted that the stock exchange was more than a platform for trading shares.
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