Baltic Classifieds Group started trading on the main market of the London Stock Exchange

Baltic Classifieds Group, with its roots and main hub in Lithuania, is the leading online classifieds group in the Baltics (based on the number of visits and listings), which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. Those include such market leaders as autoplius.lt and aruodas.lt in Lithuania, auto24.ee and KV.ee in Estonia and city24.lv in Latvia.

Baltic Classifieds Group has offered 200,000,000 shares at an offer price of GBP 1.65 per share and has been admitted to the premium listing segment of the official list and to trading on the main market of the London Stock Exchange – the first Baltic business to debut in this premium category.

Since the start of conditional trading the price of shares has already grown, and the market capitalization of the company has exceeded EUR 1 billion.

“This IPO is the newest proof that more and more Baltic businesses are growing into world-class success stories. We congratulate everyone at Baltic Classifieds Group for this achievement and look forward to helping them conquer new heights. A successful IPO and listing in London is a great start!” said Rūta Armonė, associate partner and co-head of co-head of Corporate & M&A Practice at Ellex Valiunas, who led the overall firm’s effort on the project.

BofA Securities (previously Bank of America Merrill Lynch) acted as the sponsor and global coordinator. BNP PARIBAS and BofA Securites acted as the joint book-runners.

Ellex advised the company on all matters of Lithuanian, Latvian and Estonian laws. Simpson Thacher & Bartlett LLP acted as the legal adviser on English and US laws. Clifford Chance LLP acted as the legal adviser to the underwriters. Reporting accountant was KPMG LLP. Equiniti Limited is the registrar.

The overall Ellex team was led by Associate Partner Rūta Armonė. In Lithuania it included Aleksandr Asovskij, Augustinas Mačionis, Dominykas Kiršis, Arvydas Grušeckas, Gintarė Skrolienė, Ainis Augustas Petrulis, Kristupas Spirgys, Mantas Rimkevičius, Vilius Norvaišas, Nerijus Patlabys, Gintaras Balčius, Ingrida Kemežienė, Marius Juonys, Simona Luimienė and many others.

Latvian team was led by Partner Raimonds Slaidiņš and Senior Associate Reinis Sokolovs, Mikijs Zīmecs, Anna Mišņeva, Ints Skaldis and Eduards Dzintars.

Estonian team was led by Partner Sven Papp Senior Associate Gerda Liik and included Martin Mäesalu, Mari Must, Dmitri Rozenblat, Jaanus Ikla, Kairi Kilgi, Toomas Kasesalu, Regina Getter Maajärv and Kevin Gerretz.

Linked Experts

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Ainis Augustas Petrulis
Ainis Augustas Petrulis
Associate / Lithuania
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Aleksandr Asovskij
Aleksandr Asovskij
Senior Associate / Lithuania
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Anna Mišņeva
Senior Associate / Latvia
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Arvydas Grušeckas
Arvydas Grušeckas
Senior Associate / Lithuania
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Augustinas Mačionis
Augustinas Mačionis
Senior Associate / Lithuania
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dmitri rozenblat
Dmitri Rozenblat
Counsel / Estonia
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Dominykas Kiršis
Lawyers' Assistant / Lithuania
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Eduards Dzintars
Associate / Latvia
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gerda liik
Gerda Liik
Senior Associate / Estonia
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Gintaras Balčius
Gintaras Balčius
Expert / Lithuania
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Ingrida Kemežienė
Ingrida Kemežienė
Expert / Lithuania
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Ints Skaldis
Associate / Latvia
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Jaanus Ikla
Counsel / Estonia
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Kairi Kilgi
Associate / Estonia
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kevin gerretz
Kevin Gerretz
Associate / Estonia
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mari must
Mari Must
Counsel / Estonia
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Marius Juonys
Marius Juonys
Partner / Lithuania
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Martin Mäesalu
Partner / Estonia
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Mikijs Zīmecs
Associate / Latvia
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Nerijus Patlabys
Nerijus Patlabys
Senior Associate / Lithuania
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Raimonds Slaidiņš
Senior Partner / Latvia
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Regina Getter Maajärv
Lawyer / Estonia
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Rūta Armonė
Partner / Lithuania
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Sven Papp
Partner / Estonia
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toomas kasesalu
Toomas Kasesalu
Counsel / Estonia
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Vilius Norvaišas
Associate / Lithuania