EQS-News
113
0 Kommentare
Eleving Group announces its plan to explore external equity-raising options for financing future growth - IPO is a high-priority consideration
113 
0 KommentareFür Sie zusammengefasst
- Eleving Group plans to explore external equity-raising options for future growth, with an IPO as a high-priority consideration.
- LHV Pank will act as Lead Arranger for potential IPO, aiming to raise additional equity for further business growth.
- Eleving Group, a global fintech company, operates in 16 markets and 3 continents, focusing on financial inclusion and innovation.
|
EQS-News: Eleving Group S.A. / Key word(s): IPO/Financing |
Luxembourg/Riga, 17.04.2024 - Eleving Group, a pan-Baltic-headquartered, global multi-brand fintech company operating in the vehicle and consumer financing business, has mandated LHV Pank
(Estonia) to act as the Lead Arranger for a potential initial public offering (IPO).
According to Modestas Sudnius, CEO of Eleving Group, LHV Pank will advise the company and its management on potential external equity-raising opportunities in the Baltics and Europe. The company aims to raise additional equity to facilitate further growth of the business, potentially resulting in new products and markets. The IPO arranger syndicate is expected to be finalized soon.
Aalto Capital (Germany) will act as Financial Advisor to Eleving Group and its management.
About Eleving Group
Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products, with Kredo and Tigo as the segment’s flagship brands. Currently, 57% of the group's portfolio is located in Europe, 30% in Africa, and 13% in the rest of the world.
The Group's historical customer base exceeds 500,000 customers worldwide, while the total volume of loans issued goes beyond EUR 1.6 billion. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by 2760 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies published by the Financial Times in 2020 and 2021.
According to Modestas Sudnius, CEO of Eleving Group, LHV Pank will advise the company and its management on potential external equity-raising opportunities in the Baltics and Europe. The company aims to raise additional equity to facilitate further growth of the business, potentially resulting in new products and markets. The IPO arranger syndicate is expected to be finalized soon.
Aalto Capital (Germany) will act as Financial Advisor to Eleving Group and its management.
About Eleving Group
Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products, with Kredo and Tigo as the segment’s flagship brands. Currently, 57% of the group's portfolio is located in Europe, 30% in Africa, and 13% in the rest of the world.
The Group's historical customer base exceeds 500,000 customers worldwide, while the total volume of loans issued goes beyond EUR 1.6 billion. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by 2760 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies published by the Financial Times in 2020 and 2021.
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
Verfasst von EQS Group AG
URL kopieren
Per E-Mail teilen
Artikel drucken2 im Artikel enthaltene WerteIm Artikel enthaltene Werte
Artikel zu den Werten
Auch bei Lesern beliebt
