Ellex and Simpson Thacher & Bartlett have advised the Baltic Classifieds Group on its IPO and listing on the London Stock Exchange. Clifford Chance advised sponsor and global coordinator and joint bookrunner BofA Securities and joint bookrunner BNP Paribas.
According to Ellex, “Baltic Classifieds Group has offered 200,000,000 shares at an offer price of GBP 1.65 per share and has been admitted to the premium listing segment of the official list and to trading on the main market of the London Stock Exchange – the first Baltic business to debut in this premium category.”
The firm further informed that “Baltic Classifieds Group, with its roots and main hub in Lithuania, is the leading online classifieds group in the Baltics (based on the number of visits and listings), which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. Those include such market leaders as autoplius.lt and aruodas.lt in Lithuania, auto24.ee and KV.ee in Estonia, and city24.lv in Latvia.”
Ellex’s team was led by Lithuania-based Associate Partner Ruta Armone and included Lithuania-based Partner Marius Juonys, Associate Partner Mantas Rimkevicius, Experts Gintaras Balcius and Ingrida Kemeziene, Senior Associate Aleksandr Asovskij, Gintare Skroliene, Kristupas Spirgys, and Nerijus Patlabys, Associates Augustinas Macionis and Arvydas Gruseckas, Junior Associates Ainis Augustas Petrulis and Vilius Norvaisas, Lawyer Simona Luimiene, and Legal Assistant Dominykas Kirsis; Latvia-based Partner Raimonds Slaidins, Senior Associates Reinis Sokolovs and Anna Misneva, and Associates Mikijs Zimecs, Ints Skaldis, and Eduards Dzintars; and Estonia-based Partners Sven Papp and Martin Maesalu, Counsels Mari Must, Dmitri Rozenblat, Jaanus Ikla, and Toomas Kasesalu, Senior associate Gerda Liik, Associates Kairi Kilgi and Kevin Gerretz, and Lawyer Regina Getter Maajarv.