The Costa Rican company Establishment Labs Holdings began trading their common stock on the Nasdaq Stock Market under the trading symbol “ESTA” following its initial public offering.

Establishment Labs is a global medical technology company that focuses on breast esthetics and reconstruction technologies, it was founded in 2004 by Juan José Chacón Quirós and currently it exports to 60 countries in 5 continents.

“This is an achievement of great recognition, not just for Establishment Labs, but also for Costa Rica, since it reflects the maturity and high competitivity of the national exports sector and the industry in the country”, commented President Carlos Alvarado, after sending his congratulations to the representatives of the companies during a video conference organized by the Costa Rican Investment Promotion Agency (CINDE).

“Today’s listing on Nasdaq represents a significant milestone for Establishment Labs and our shareholders,” said Juan Jose Chacón-Quirós, founder and CEO of the company. “It’s an honor to be the first company headquartered in Costa Rica to be listed on a major stock exchange in the United States.”

“Today we reaffirm the strength of our people and the technologies that allow us to offer higher security and better esthetic results for our patients”, concluded Chacon.

“We welcome Establishment Labs to the Nasdaq family, and look forward to supporting their continued success,” said Joe Brantuk, Vice President of Nasdaq. “Establishment Labs continuously works to improve patient safety and aesthetic outcomes while simultaneously working towards its entry into the U.S. market.”

“As part of the main export sector in our country, Establishment Labs has become a true example of innovation and competitivity; today it demonstrates that in Costa Rica we work with excellence and in adequate conditions of competitivity and a favorable climate for investment. For the Government of Costa Rica this means a big commitment to continue working on strengthening the conditions in education, services and infrastructure so that more companies like Establishment Labs can develop in the country”, commented the Ministry of Foreign Commerce Dyala Jimenez.