Important notice!
The information contained on this site does not constitute investment advice or an offer. The information provided on this site contains general forward-looking statements and the intent of IPAS Indexo (INDEXO) regarding a possible initial public offering (IPO). Any investment decision should be made taking into account the prospectus approved by the Latvian Financial and Capital Market Commission (FCMC). The approved prospectus is published on the INDEXO website (www.indexo.lv). The approval of the prospectus does not constitute an offer to purchase shares. Please read the prospectus carefully to learn about the potential risks and benefits before investing.
INDEXO IPO has started!
Find out why buying INDEXO shares is a good idea and how you can become a shareholder!
Initial Public Offering of Shares (IPO)
We are going public because we want to become a customer-owned company.The money raised with the IPO will be used to establish a customer-focused bank that will offer better financial services to Latvian households and businesses in addition to the pension management services currently offered by INDEXO.
Important! The bank (credit institution) license is subject to authorization granted by the European Central Bank based on the proposal by the Financial and Capital Market Commission (FCMC).
Subscription period ends in
IPO stages
June 26 11:59 p.m
Last opportunity to become an INDEXO 3rd Pension Pillar Customer who will receive first priority in the allocation of shares.
June 28 10:00 a.m.
Subscription to INDEXO shares begins.
June 29 11:00 a.m.
The “INDEXO Goes Public” seminar (in Latvian)
July 11 12:00 p.m.*
Subscription to INDEXO shares ends.
*According to INDEXO IPO prospectus, the IPO will officially close at 15:30 on 11 July. Given that the time of accepting subscription applications may vary depending on the investor’s bank, INDEXO advises investors to submit their subscription applications by 12:00 on 11 July.
INDEXO IPO Management Presentation Slides
Read the INDEXO IPO management presentation slides and find out our future plans, financial forecasts and why and how to become an INDEXO shareholder.
How Can I Become a Shareholder?
You can subscribe for INDEXO IPO shares in the period from June 28 at 10:00 to July 11 12:00.
The minimum purchase amount of shares is 1 share.
The price of one share is 14 EUR.
Click on the "Read more" button and learn how to open a securities account and subscribe to INDEXO shares!
Read Our Prospectus!
Before investing in the shares offered by INDEXO, carefully read the prospectus to find out about possible risks and gains.
Investment research company provides a positive assessment of INDEXO shares
Estonian investment research company ENLIGHT Research said in its assessment that over four years INDEXO has managed to capture about 9% of Latvia’s pension management market and at present the company is in a good position to challenge the commercial banking market.
INDEXO team
Valdis Siksnis
Chairman of the Board
Henrik Karmo
Member of the Board
Ieva Margeviča
Member of the Board
Valdis Vancovičs
Chairman of the Council
Renāts Lokomets
Member of the Council
Toms Kreicbergs
Member of the Council
Svens Dinsdorfs
Member of the Council
Tīna Kukka
Member of the Council
Artūrs Roze
Finance Manager
Roberts Bušs
Head of Sales
Atis Rektiņš
Business Analyst
Mārtiņš Strautiņš
Asset Manager
Edžus Kravalis
Sales teamlead
Līga Katrīna Kļaviņa
Operational Risk Manager
Dagnija Auzāne
Customer Relationship Compliance Manager
Krista Antanoviča
Marketing Specialist
Eva Salmgrieze
Sales teamlead
Līga Imperoviča
Sales teamlead
Tomass Timermanis
Sales teamlead
Dagnija Grele
Sales development specialist
Oskars Gorbants
Sales teamlead
Linda Degle
Sales Assistant
FAQ
How much does one INDEXO share cost during IPO?
One INDEXO share will cost EUR 14.
Is there a minimum/maximum number of INDEXO shares that one customer is allowed to buy during the IPO?
No, the number of shares you can buy is unlimited. An investor can buy any number of shares, even just one. The price of 1 share is 14 EUR.
There is no maximum amount for which investors will be able to purchase INDEXO IPO shares, but the INDEXO IPO share allocation policy provides for up to 100 guaranteed shares under the Private Offering, giving priority to INDEXO 3rd pillar customers.
In case the demand of private investors exceeds the amount of the Retail Offering of INDEXO IPO shares, INDEXO reserves the right to reduce the number of guaranteed shares at its own discretion.
What is the subscription period for IPO shares?
The subscription period for INDEXO IPO shares is from June 28, 10:00 a.m. to July 11, 12:00 p.m. Riga time. The IPO subscription period is the time during which you can place an order at your bank to buy INDEXO IPO shares.
According to INDEXO IPO prospectus, the IPO will officially close at 3:30 p.m. on 11 July. Given that the time of accepting subscription applications may vary depending on the investor’s bank, INDEXO advises investors to submit their subscription applications by 12:00 p.m. on 11 July.
Who can subscribe to IPO shares?
Anyone interested in buying INDEXO IPO shares can subscribe, as a considerable number of shares will be offered to the public. It is also likely that the current INDEXO shareholders will take part in the IPO.
If the demand for the IPO shares exceeds the number of available shares, strong preference will be given to INDEXO 3rd Pension Pillar Customers.
Before making a decision to buy IPO shares, please carefully read the IPO prospectus. The prospectus is available HERE
Will all INDEXO 3rd Pension Pillar Customers receive first priority in the allocation of shares?
Yes, as long as you become a customer by June 26, inclusive.
A person who has signed an individual membership agreement with the INDEXO Open Pension Fund, accepting its terms and conditions on the mans.indexo.lv portal, and has received a notice about the conclusion of a membership agreement to the specified e-mail address by June 26, 2022, will be considered as INDEXO 3rd pillar customer.
Will I be able to buy all the shares that I subscribe for?
If the demand for the IPO shares exceeds the number of available shares, you may only be able to buy a part of your ordered number of shares. The customers will receive any unused funds back.
If the demand exceeds the available shares, the shares will be allocated in accordance with allocation rules described in the IPO Prospectus.
Will I receive dividends from INDEXO?
We plan to invest the initial profits in the company instead of paying dividends to the shareholders. However, our long-term plan is to secure personal profits for our shareholders. In the future, our shareholders will be making decisions concerning the distribution of dividends.
The key principles of the INDEXO Dividend Policy can be found in Section 6 "Dividend Rights and Dividend Policy" of the IPO Prospectus.
When do INDEXO shares become available for trading on the stock market?
We will make a special announcement when INDEXO shares become available for trading. The announcement will take place after the results of the IPO are processed. It is foreseen that the INDEXO shares will become eligible for trading several days after the close of the IPO subscription period of INDEXO shares— around July 15, 2022.
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