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Coop Pank Selects Ellex Raidla for Upcoming IPO

Coop Pank Selects Ellex Raidla for Upcoming IPO

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Estonia's Coop Pank has selected Ellex Raidla to assist with it preparations for its upcoming IPO.

Coop Pank (the former AS Eesti Krediidipank) is the 8th largest bank in Estonia in terms of total assets. In 2018 its total assets were EUR 438.70 mlllion, providing the bank with a 1.68% market share. 

According to Ellex Raidla, "in early June the supervisory board of Coop Pank instructed the bank’s management board to begin preparations for the public listing of shares on Tallinn Stock Exchange. The earliest that the IPO could take place is in autumn 2019."

The Ellex Raidla team is led by Partner Raino Paron and Senior Associates Gerda Liik and Kadi Sink.