The lime-green tails of airBaltic aircraft are now recognisable across Europe, a source of pride for many Baltic people and is often described as symbolistic of Latvian independence. The airline plays a crucial role in connecting the Baltic States with the rest of Europe and the world. And now the carrier is just about to embark on its Initial Public Offering (IPO) - maybe....
The airline has revealed that it is considering an IPO as well as evaluating opportunities to attract new investors to support the next chapter in its growth strategy for years to come. airBaltic advises that a fixed timeframe cannot be provided at this stage and further details will be provided in due course, as they are finalized.
From the carrier, "all details regarding the possible airBaltic IPO will be made available once they are finalised. If you are interested in learning about how to invest in the stock market please check out NASDAQ Riga’s informative website with step-by-step guidance on how to select a broker, open an account, and invest - https://nasdaqbaltic.com/get-started/start-investing/ "
On 30 August 2024, the Cabinet of Ministers of the Republic of Latvia decided on matters concerning preparations for airBaltic's IPO. In the course of this process, airBaltic will simplify its existing share structure to make it more attractive to investors.
"To help facilitate a successful potential IPO, the airline consolidated four existing share classes into one. This is a common international practice to make the share structure even more transparent and attractive to the market. Furthermore, the consolidation of share capital will improve the capital structure of the company itself. The consolidation of shares also reduces their nominal value. The purpose of these actions is to strengthen the airline’s equity by reducing share capital and using it to offset accumulated losses from previous years. This step does not change the value of the airline or the value of the state’s shareholding. These steps will help simplify airBaltic's existing share structure and make it more attractive to investors.
The company is currently working with its shareholder on the potential IPO timeline and other preparatory activities, such as improvement of Corporate Governance to match the requirements for a listed company and updating Internal Policies.
airBaltic has also launched this dedicated web resource to serve as a verified and accurate source of information relating to airBaltic’s growth ambitions, potential IPO and general corporate development plans."
Keep up to date with this developing offering.
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