Latvian financial industry group AS DelfinGroup this year it plans to make an initial public offering (IPO) of shares on the Nasdaq Riga stock exchange.
The amount and price of the shares to be issued will be announced before the official announcement of the initial public offering of shares and in accordance with the prospectus approved by the regulator.
The aim of attracting additional financing is to strengthen the position of the market leader and to develop new and innovative consumer lending products for various groups of society. Using new financial technology solutions, DelfinGroup plans to further develop its consumer lending business to compete even more successfully in this segment, including with traditional banks.
“The stable growth of AS DelfinGroup and the successful experience of attracting financing so far on the Nasdaq Riga stock exchange allow us to take the next step in development and start public listing of the company’s shares. to enable private and institutional investors to participate in our steady growth story, but also to inspire other Latvian companies to start the stock exchange.We plan that the profits of new shareholders will consist not only of share value growth, but also quarterly dividends. million euros, “said Didzis Ādmīdiņš, Chairman of the Board of JSC DelfinGroup.
“For many years, the Baltic stock market has lacked a representative of the financial sector directly from Latvia,” adds Ivars Bergmanis, Head of Institutional Markets at LHV Bank, the planned IPO financial advisor.
The unaudited consolidated turnover of AS DelfinGroup in 2020 was 24 million. euros, the loan portfolio reached 34 mln. and EBITDA increased to 9 mln. euro.
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