Published: 2016-05-23 09:00:00 CEST
Nasdaq Riga
Press release

Nasdaq Welcomes LHV Group Shares to Baltic Main Market

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, May 23, 2016 – Nasdaq (Nasdaq: NDAQ) announces that the shares of LHV Group (short name: LHV1T) will be listed on the Nasdaq Baltic Main List by Nasdaq Tallinn as of May 23, 2016. 

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. For more information: lhv.ee/en.

“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 Saladžienė, 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.

About Nasdaq 
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,700 listed companies with a market value of $9.3 trillion and over 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB, Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic Market represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius. Read more: nasdaqbaltic.com.

Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.   

Media Relations Contact: 
Audronė Ranonytė
+370 5 253 1475
audrone.ranonyte@nasdaq.com