Initial public offering of the shares of AS Infortar

Ellex in Estonia advised AS Infortar on the initial public offering of its shares.

The initial public offering of the shares of AS Infortar, Estonia’s largest investment holding company, was successful despite the difficult environment in the markets and other competing fundraisings taking place at the same time.

The shares of Infortar (ticker: INF1T), the largest investment holding company in Estonia, were listed on the Nasdaq Baltic Main List by Nasdaq Tallinn as of December 14, 2023. The listing of Infortar’s shares follows their initial public offering (IPO) in which the company raised EUR 35.36 million from Estonian investors. A total of 5,517 investors subscribed for Infortar’s shares and the offering was 1.3 times oversubscribed.

Infortar’s main investment areas are energy, shipping and real estate. The portfolio includes, among others, well-known companies Tallink, Eesti Gaas, Gaso, approximately 100,000 square meters of real estate and much more.

The Ellex team that advised Infortar included Gerli Kivisoo, Georg Kuusik, Alla Kuznetsova, Triin Frosch, Miikael Tuus, Martin Käerdi, Karin Tartu, Kaisa Jakobsoo, Martin Mäesalu and Merlin Liis-Toomela.