The pension management company IPAS “Indexo” (hereinafter – INDEXO), which last year launched a local bank in Latvia, has today, April 11, 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 will take place from April 15 to April 25, 2025, and any Latvian resident or company will be able to subscribe for the new shares. 

In this new share issue, INDEXO will offer up to 400,000 shares. Investors will be able to participate in the offering by purchasing at least one share, priced at EUR 10.15. 

“Leveraging our strong position in the pension management market, INDEXO has managed to establish a bank, which has attracted 32,000 clients in just a few months. We are gradually attracting new capital to take the next step in development, including launching mortgage lending. We see the greatest opportunities for the new bank in the lending market. By participating in the new share issue, investors will gain a part of our future growth and help INDEXO make significant positive changes in the Latvian banking market,” says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank.  

All interested parties are invited to join the free online webinar “Why and How to Become a Co-owner of INDEXO?” on April 16 at 11:00, held in Latvian. 

In the webinar, the INDEXO team will introduce INDEXO's further plans, financial forecasts, and how to become a shareholder of the company. Registration for the webinar is here: https://indexo.lv/vebinars-indexo-akcionars/ 

The approved prospectus is published on INDEXO's website (www.indexo.lv/investoriem) and attached to this announcement. 

 
The planned share issuances' issuer is the parent company of INDEXO Bank, IPAS “Indexo”, registration number 40203042988. The information contained on this announcement constitutes an advertisement. The content of the announcement is of an informative nature and should not be considered as investment advice or an offer. Potential investors should seek advice from experts if needed. Any investment decision should be made considering the prospectus approved by the Bank of Latvia. Approval of the prospectus should not be considered as a solicitation for the purchase of shares. 

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 over 144 thousand customers and more than EUR 1.2 billion assets under management.          

INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 32.3 thousand clients, with total client funds amounting to EUR 47.5 million and EUR 7.6 million in issued consumer loans.         

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with nearly 6,000 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.    

Contact information
Ieva Bauma
INDEXO Head of Marketing and Communications
E: ieva.bauma@indexo.lv
P:+371 28 636 789