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The price of one share is 1.52 euros and it is planned to invest the capital raised in the IPO for the further growth of the company. The minimum number of IPO shares that can be subscribed for is 1 share, while the maximum number of shares per investor is not limited.
Didzis Ādmīdiņš, Chairman of the Board of JSC “DelfinGroup”: “JSC” DelfinGroup “is the first IPO in Latvia in the last four years and we hope that with our successful IPO example we will motivate other local companies to start a stock exchange and activate and develop . “
During the IPO, the company has concluded that there is a great deal of interest in the acquisition of shares directly from private investors, on which it is particularly focused in the IPO.
The company informs that in the third quarter of this year JSC “DelfinGroup” has reached the largest amount of loans issued so far in the history of the company. According to selected operational data, the total net loan portfolio (consumer and pawnshop loans) reached a historic high of € 35.8 million at the end of the third quarter, up 32% from the end of the third quarter of 2020. “The assumed pace of development is appropriate to achieve the company’s growth goals. By the end of 2024, we plan to exceed the loan portfolio limit of 70 million euros,” says Ādmīdiņš.
The subscription for the shares will end on October 14. Each investor must keep track of their bank’s information to the extent that it offers its customers the opportunity to subscribe for the company’s shares.
Up to 8,395,000 shares are issued during the IPO. The financial consultants of JSC “DelfinGroup” IPO process are “LHV” bank and Eversheds Sutherland Bitāns law firm.
JSC “DelfinGroup” is a licensed technology-based financial industry group, founded in 2009 and working with the brands “Banknote” and “VIZIA”. The company offers consumer, senior, installment, pawnshop loans and sales of used and second-hand goods in more than 90 branches throughout Latvia, as well as online. Since 2014, it has been known on the Nasdaq Riga stock exchange as a bond issuer. The Company pays a regular quarterly dividend. In 2020, its loan portfolio reached 34.6 million euros, EBITDA was 9.3 million euros and profit before taxes reached 4.65 million euros. The company’s sustainability is based on a focus on corporate governance, fintech innovation, responsible lending, financial inclusion and the promotion of a circular economy. The company has been operating at a profit every year since 2010.