Subscriptions open for first IPO of a state-owned company in Latvia
LAU Infra Group AS has launched the first-ever initial public offering (IPO) for a state-owned company in Latvia, offering over 6.4 million shares to investors across the Baltic region. The company, which specializes in infrastructure construction and maintenance, plans to use the proceeds for development while the Latvian state retains a majority stake of at least 75.01%.
Why it matters
This IPO represents a significant milestone in the development of the Latvian capital market and marks a shift in how the state manages its infrastructure assets.
Photo: Publicity image Vilnis Vitkovskis, Chairman of the Management Board of LAU Infra Group AS Yesterday, 12:04 Business Authors: LSM English (Latvian Public Media) The subscription for the shares of LAU Infra Group AS within the framework of the initial public offering (IPO) begins today, June 10th. The company will publicly offer up to 6,400,421 shares, which are planned to be listed on the Nasdaq Riga Baltic Main List after the IPO. LAU Infra Group AS is an infrastructure construction and maintenance company whose operations include road construction and maintenance, the implementation of defence infrastructure projects, and the production of mineral materials.
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