Subscriptions to INDEXO’s new shares will start on December 11, the price of one share will be 12 euros

The pension management company IPAS Indexo, which has been working on the project of establishing a new bank since the middle of last year, received the approval of the prospectus of the new share issue from the Bank of Latvia today, December 6. This means that INDEXO can start raising capital, which is the final prerequisite for obtaining a banking license and starting banking operations. The price of one share will be 12 euros. The subscription period will run from December 11 to December 29 this year.

INDEX in the new share issue, a total of up to 1,150,000 shares will be offered. There will be no minimum limit for the purchase of shares, that is, investors will be able to purchase starting from one share worth 12 euros.

“With the help of the capital raised last summer, we have practically concluded the licensing process, created the technical infrastructure of a new bank, completed the management team and will be ready to start serving the first customers in the next few months. Raising capital is the last step before obtaining a bank license and starting bank operations. This is a unique opportunity for everyone to sign up for INDEX shares, to become a shareholder of a new bank in the highly profitable banking sector of Latvia, while helping INDEX to achieve significant positive changes in the Latvian banking market,” says Valdis Siksnis, INDEX chairman of the board and one of the founders.