RIG: Nasdaq Welcomes LHV Group Shares to Baltic Main Market
LHV Group is the biggest domestic financial company and capital provider in Estonia. The Group has more than 250 employees and approximately 90 000 clients are using LHV’s banking services. Pension funds under LHV’s management have more than 170 000 clients.
“We are very excited to welcome the LHV Group to the Nasdaq Baltic Market after a successful IPO of its shares. This listing brings new investment opportunities to the Baltic and international institutional and retail investors, and enables the company to tap capital, liquidity and visibility that the public markets offer,” said Arminta Salad?ien?, Head of Nasdaq Baltic Market.
“LHV is just in the beginning of its long term development phase, and becoming a public company helps us to improve our strategic position. We made a promise to our shareholders already a few years ago that we will list our shares on the Nasdaq Baltic Market stock exchange and we are keeping our promise,” said Erkki Raasuke, the Chairman of the Management Board of LHV Group.
“LHV Group's IPO and the following listing is an excellent example of how to become a public company. The way they have built up the process by constantly communicating with the public and strictly following the timeline they set have just been splendid," said Rauno Klettenberg, Head of Nasdaq Tallinn. “Other companies aiming to become public could definitely use LHV’s example as a case study for entering the public market.”
The share listing of LHV Group comes after the company’s initial public offering of 2 million shares during May 2-16. After the offering, LHV Group’s share capital consists of 25,356,005 ordinary shares with nominal value of EUR 1. All the shares will be listed on the Nasdaq Baltic Main List.