Liven completed its initial public offering of shares

Ellex Estonian team advised real estate developer Liven AS throughout the entire process of its initial public offering (IPO) of shares – from preparation to the successful completion of the offering and entry into the capital markets. The IPO marks a strategic milestone for Liven, supporting the company’s long-term growth plans and strengthening its position in the Estonian real estate market.

A total of 2,421 investors participated in the offering, subscribing to 1,053,936 shares with a total value of EUR 4.93 million. Of all investors, 95% were from Estonia.

As a result of the offering, Liven now has more than 2,500 shareholders. All shares of the company were admitted to trading on the Baltic Main List of the Nasdaq Tallinn Stock Exchange, with the first trading day on 15 May 2026.

Ellex Estonian Partner Gerli Kivisoo, Counsel Kevin Gerretz and Lawyers Hendrik Viimsalu, Karoline Poska advised Liven AS on the preparation and execution of the initial public offering, providing legal counsel throughout the entire process.

Read more HERE.