The pension management company IPAS “Indexo” (hereinafter – INDEXO), which last year also launched a local bank in Latvia, has today, August 7, received approval from the Bank of Latvia for the prospectus of its new share issue. The price per share will be EUR 10.15. The subscription period will take place from August 8 to August 15, 2025, and any Latvian resident or company will be able to subscribe by purchasing at least one share. Through this new share issuance, INDEXO aims to raise up to approximately EUR 3.5 million, offering up to 345,000 shares in total.
JSC ALLPES Capital has confirmed its readiness to purchase the entire share offering. However, according to the share allocation rules, shares will first be allocated to existing INDEXO shareholders participating in the issuance (including JSC ALLPES Capital), in proportion to their respective shareholding in INDEXO’s share capital. The remaining shares will then be distributed proportionally based on submitted purchase orders from all investors (including existing shareholders).
“We are deliberately executing INDEXO’s growth plans and raising new capital to continue developing the bank and increase lending activity. Our goal is to reach a scale and profitability where the INDEXO group becomes sufficiently profitable to fund its future growth independently. INDEXO’s success in both pension and banking sectors is already increasing the group’s overall value for our shareholders.
It is expected that the new INDEXO shares will be in short supply this time, as demand will exceed supply. The share allocation rules prioritize existing INDEXO shareholders, so I especially encourage all our shareholders to participate in the new share issuance. This is also an opportunity for those who are not yet INDEXO shareholders to acquire a stake in a local financial services group,” says Valdis Siksnis, Chairman of the Menegement Board of AS INDEXO Bank and one of the founders.
All interested parties are invited to join a free online webinar “INDEXO Results and future plans” on August 7 at 18:00 (EEST) in English (16:30 (EEST) in Latvian), where the INDEXO team will present the company’s first-half year performance results, future development plans, and explain why becoming an INDEXO shareholder is a valuable opportunity. Register for the webinar here: www.indexo.lv/en/webinar-202508/
The approved prospectus is published on the INDEXO website (www.indexo.lv/en/for-investors) and is attached to this announcement.
Disclaimer: The issuer of the planned share offering is IPAS “Indexo”, registration number 40203042988, the parent company of INDEXO Bank. The information contained in this announcement is an advertisement. This announcement is for informational purposes only and should not be considered investment advice or an offer. If necessary, potential investors should consult with an expert. Any investment decision should be made based on the prospectus approved by the Bank of Latvia. Approval of the prospectus should not be considered an endorsement of the share offering.
About INDEXO
INDEXO is a financial services group that includes pension management companies and INDEXO Bank.
INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia. It is one of the fastest-growing pension managers in the Baltics, with almost 145 thousand customers and more than EUR 1.4 billion assets under management.
INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 39 thousand clients, with total client funds amounting to EUR 49.9 million and EUR 18.8 million in issued consumer loans.
Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with more than 6,400 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services.
For more information visit www.indexo.lv.