The initial public offering (IPO) of Latvia’s financial group AS DelfinGroup on the Nastaq Riga stock exchange has been successfully completed. A total of 5,927 investors participated in the IPO, including 10 institutional investors. In terms of number of investors, this is the largest IPO in Latvia history. The share requirement reached 73% of the basic offer (where 7,300,000 shares were offered). 8.09 million euros were collected in the IPO.
Of Latvia’s IPO shares, 1,146 investors subscribe for 1,903,485 shares, Estonia – 4,584 investors for 3,185,381 shares, from Lithuania – 153 investors for 141,807 shares and from countries – 44 Investors For 88,921 shares. Investors will receive the number of shares of investor shares.
AS DelfinGroup Chairman of the Board Design Academia: “This was the largest IPO in Latvia this year and tics are one of the largest Baltic ۾ investors in terms of the number of investors and the amount of financing expected. Therefore, we are grateful to the investors for the confidence of the investors that they have shown, which will allow the company to meet its long-term goals. The interest of private investors was especially drawn from our initial affiliations and the reason for this DelfinGroup IPO has become the largest IPO in the history of Latvia in terms of number of investors. The activity of institutional investors was lagging behind in the early eighties, which may explain several large-scale transactions on Baltic stock exchanges. New AS DelfinGroup Shareholders will feel the first return on their investment already in December this year, when AS DelfinGroup Will pay current quarterly profit. We hope that the full expected investment will soon allow the company to successfully refinance its current obligations on favorable terms and attract future working capital at significantly lower interest rates, as well as business. The quantity and profitability remain so, according to the company’s announcement. Plans. “
Ivorus Bergmanis, LHV Head of Institutional Markets: “The fact that a company has been successful in attracting such a large number of investors means that in the future, secondary stock markets may have relatively healthy stock liquidity.” This autumn seems to be the busiest period in the history of the Baltic capital market and the company has competed with other yen public presentations during the signing period (all or all were from Estonia). This is able to emphasize the fact that 77% AS DelfinGroup Investors came directly from Estonia. The level of financial literacy in Estonia is clearly the highest in the Baltic and the active investment in securities is no stranger. Current AS DelfinGroup The number of shareholders will be 3x larger and larger than the current leader in the first list of sheet holders in Latvia.
AS DelfinGroup Chairman of the council and co-founder of the company Agris Etorofsky: “The team has put a lot of effort into this IPO and we are all very pleased with the results. 12 years ago we were. kick off A Pawn Shop and vision for understanding better and easier financial services that are still our DNA today. Today, from a company council standpoint, our primary priority is to increase AS DelfinGroup Validating the value of the value shareholders value for best strategy development, risk management and ESG.
In terms of numbers, LHV represented Banca’s customers by 52% of investors, Baltic Swedish bank customers – 40%, Baltic SEB’s customers – 6%, and banks’ banks customers – 2%.
As part of the IPO, investors have subscribed to 5,319,594 new shares and AS as a whole. DelfinGroup After the IPO, the number of shares will reach 45,319,594 shares. The cost was 1.52 euros per share and totaled 8.09 million euros.
Upon receipt of Nasdaq Riga With the consent of the Board, AS DelfinGroup Stock exchange trading Nasdaq Riga The Baltic Official List will be launched on October 20. AS DelfinGroup 33 will be one of the Baltic and four Latvian companies whose shares will be traded on this list.
AS DelfinGroup Was the financial advisor for the IPO process LHV Banks and Affiliates Office Eversheds Sutherland BitaneGeneral Chat Chat Lounge AS DelfinGroup Has entered into a marketer agreement with AS LHV Bank By AS DelfinGroup To ensure the liquidity of the shares. About the Market: https://nasdaqbaltic.com/lv/tirgus-informacija/tirgus-uzturetaji/
By AS DelfinGroup
AS DelfinGroup is a licensed technology-based financial group founded in 2009 and has been working with Banknote and VIZIA brands. The company constantly develops and offers consumer, senior, installment, payday loan and sales of used and second-hand goods in more than 90 branches in Latvia, as well as online. AS DelfinGroup’s team provides an average of 35,000 loans per month to over 270 professionals. The total number of registered customers of the company is over 400,000. As of 2014, AS DelfinGroup has been on the Nasdaq Riga stock exchange as a bond issuer. The company pays regular quarterly profit. In 2020, the company’s portfolio of loans reached 34.6 million euros, EBITDA was 9.3 million euros and profits reached 4.65 million euros. The Company’s focus is on corporate governance, fintech innovation, responsible lending, financial inclusion and the growth of the rotating economy. The company has been running profits every year since 2010.