Today, August 8, the subscription for the new shares of IPAS “Indexo” (hereinafter – INDEXO) commences. The price per one share is EUR 10.15. The subscription period lasts until August 15, 2025, 3:30 PM. In the new share issue, INDEXO plans to attract up to 3.5 million euros, to complete the acquisition of IPAS Vairo and support the further development of the bank, including expanding its mortgage lending activities.
The share issue by INDEXO is carried out in accordance with the approved Prospectus, which is available on INDEXO’s website: https://staging.indexo.lv/en/for-investors/. In the new share issuance by INDEXO, a total of up to 350,000 shares will be offered. Investors can participate by purchasing at least one share, priced at EUR 10.15.
“INDEXO is growing in both the pension and banking market, and we are actively investing in future growth. By raising new capital, we are not only expanding our lending capabilities but also taking the next step toward becoming a profitable and sustainable financial services group. We believe that in the long term, INDEXO will be able to grow based on its own resources. While demand for the new INDEXO shares is expected to exceed supply this time, this share issue is an opportunity for our existing shareholders to strengthen their position in the INDEXO growth story, and for new investors – to invest in a local financial group with the goal of improving the financial environment in Latvia,” says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank and one of its co-founders.
Shareholders who will have at least 200 INDEXO shares at the end of the capital raising period will have their property valuation costs covered for refinancing a mortgage loan or for a new loan, if the mortgage loan agreement with INDEXO is concluded by the end of 2025.
Disclaimer: The issuer of the planned share offering is IPAS “Indexo”, registration number 40203042988, the parent company of INDEXO Bank. The information contained in this announcement is an advertisement. This announcement is for informational purposes only and should not be considered investment advice or an offer. If necessary, potential investors should consult with an expert. Any investment decision should be made based on the prospectus approved by the Bank of Latvia. The approved prospectus is published on the INDEXO website (www.indexo.lv/en/for-investors) Approval of the prospectus should not be considered an endorsement of the share offering.
