Vilnius/Riga/Tallinn, Nasdaq Baltic Market, August 5, 2019 - Nasdaq (NDAQ)
announces that the shares of NEO Finance have been admitted to trading on
Nasdaq Baltic First North by Nasdaq Vilnius as of today, August 5.
NEO Finance - a company which is known as a Lithuanian fintech startup that
operates the country's P2P lending platform, Paskolu Klubas, and the Neopay
payment initiation service - held a successful IPO from May 15 to June 4, 2019.
It sold 192 907 shares, raising a total of EUR 605 728.
"Nasdaq is delighted to welcome NEO Finance to the Nasdaq Baltic First North
market. This is the first P2P lending platform and payment initiation service
provider to tap the Baltic capital market," says Saulius Malinauskas, the
President of Nasdaq Vilnius. "In order to fuel further expansion, growing
companies are actively looking for opportunities to raise funds on capital
markets and First North. We wish for NEO Finance long and successful capital
market journey."
A total of 291 retail and institutional investors purchased NEO Finance shares
in the IPO. In terms of geography, 66% of the shares were bought by investors
from Lithuania, 10% by investors from Estonia, 8% by investors from the
Netherlands, and the rest by investors from other countries.
"I note with pride that NEO Finance to join the public securities market. We
are confident this decision will enable us to reach even more investors from
the Baltic and Nordic regions, both to invest in the company and to invest
through the platform. We have created a highly secure investment environment
and, emboldened by investors' trust, we will work even more resolutely and
actively to strengthen our positions in the Lithuanian consumer credit market
and to become market leaders in the provision of payment initiation services,
expanding that service internationally," says Evaldas Remeikis, Chair of the
Board at NEO Finance.
About NEO Finance
NEO Finance is the operator of Paskolu Klubas, a P2P lending platform where
individuals lend to and borrow from other people. Currently the largest such
platform in Lithuania, in May 2019 it issued more than EUR 1.6 million of
consumer credits.
NEO Finance also provides a payment initiation service (PIS) under the brand
name Neopay. It now administers all settlements for e-shops including Tiketa,
Edrauda, Manogile.lt, Vienasaskaita.lt, and others. The PIS is the company's
fastest-growing service at present.
For more details about NEO Finance, see www.neofinance.com. For more
information about the company's PIS, see https://neopay.lt/ .
About First North
First North is a multilateral trading facility (MTF) tailored to support
smaller, growing companies that want to raise capital and get the visibility
and credibility of being a public company. Respectively, for investors, First
North offers an opportunity to invest in companies that are in relatively early
stages of their growth. First North is an alternative market and is often seen
as a first step towards trading on the regulated market.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. 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 100 marketplaces in 50 countries. Nasdaq is home to
over 4,000 total listings with a market value of approximately $12 trillion. To
learn more, visit: business.nasdaq.com.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga
and Nasdaq Vilnius securities markets as well as Nasdaq CSD. To learn more,
visit: 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 CONTACTS:
Daiva Tauckelaite
+370 620 55 127
daiva.tauckelaite@nasdaq.com© 2019 GlobeNewswire
