The Financial and Capital Market Commission (FCMC) at its 21 September Supervisory Board meeting has approved the prospectus for initial public offering (IPO) of the Latvian financial service company AS DelfinGroup. The DelfinGroup IPO will be the first IPO of the shares on Nasdaq Riga since 2017.
According to the IPO prospectus, the subscription for AS DelfinGroup new shares will take place from 28 September 2021 to 11 October 2021 (including). Retail investors from Latvia, Lithuania, and Estonia and institutional investors from Latvia and selected member states of the European Economic Area (EEA), as well as other institutional investors in accordance with the prospectus for the initial public offering (IPO) will be able to subscribe for the offer shares. AS DelfinGroup is entitled to make a public offer and issue up to 7,300,000 new shares (with over-allotment option for additional 1,095,000 shares, and the total number of shares will then reach 8,395,000 shares). The subscription price for each new share is EUR 1.52. The minimum amount of investment is 1 share.
Kesenfelds family owns 65.19% of DelfinGroup