Tallinn/Riga/Vilnius, Nasdaq Baltic Market, December 10, 2019 - Nasdaq (Nasdaq:
NDAQ) announces that the shares of Coop Pank (short name: CPA1T) will be listed
on Nasdaq Baltic Main List by Nasdaq Tallinn as of December 10, 2019.
The share listing of Coop Pank comes after the company's initial public
offering of shares on November 18-29. 10,879 investors participated in the
offering and subscribed for 32.99 million shares in the total amount of EUR
37.94 million.
"The number of investors that bought Coop Pank's shares during the IPO is
impressive. There have just been two IPOs over the years in the Baltic
countries that have had more subscribers than Coop's IPO," said Kaarel Ots, CEO
of Nasdaq Tallinn. "This shows the tremendous belief investors have in Coop
Pank. It also demonstrates how the Estonian investment culture has been
positively evolving year after year with Estonian people more interested in and
informed about investing than ever before. I wish all the best to Coop Pank as
their journey as a public company starts today!"
"In addition to the capital we raised with the IPO, we transformed ourselves in
this process from being a company with only 64 shareholders to a company listed
on the stock exchange and with almost 11,000 shareholders," said Margus Rink,
the Chairman of the Management Board of Coop Pank. "In the name of Coop Pank's
employees, I pledge that we'll commit to the promises we have given to our
shareholders and we will fulfill our growth plans."
Coop Pank, which is based on Estonian capital, is one of the five universal
banks operating in Estonia. Coop Pank serves 58,300 retail clients in 15
branches and 28 banking points throughout Estonia.
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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq
Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:
nasdaqbaltic.com.
Media Relations Contact:
Daiva Tauckelaite
+370 620 55 127
daiva.tauckelaite@nasdaq.com© 2019 GlobeNewswire
