News
Sustained accelerated growth backed by successful IPO
During the nine months of 2024, Eleving Group delivered strong business performance, achieving EUR 65.0 mln in adjusted EBITDA and increasing its net profit to EUR 21.9 mln, or by around 15% compared to a year ago.
Eleving Group Ranked 41st Fastest-Growing European Company in the last decade by Financial Times
Eleving Group is ranked 41st overall and 3rd in the Fintech, Financial Services, and Insurance category. It is the only Latvian company on the entire ‘Europe's Long-Term Growth Champions 2025’ list and the highest-ranked company from the Baltics.
Eleving Group improves profitability and informs about redeeming the outstanding subordinated bonds
Eleving Group is notifying holders of subordinated unsecured bonds 2021/2031 (ISIN XS2427362491) of its intention to redeem the outstanding bonds on November 29, 2024.
Following the IPO, Eleving Group secures EUR 4.75 mln loan from Absa Bank for business development in Uganda
Eleving Group has secured EUR 4.75 mln in local funding from Absa Bank, one of the largest banks in Africa. The loan will support the further growth of the Group's portfolio in the Ugandan market.
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Trading of Eleving Group shares starts today
Today, 16 October, the shares of Eleving Group, a Baltic-headquartered fintech group, start trading on the Nasdaq Riga Baltic Main List and on the Frankfurt Stock Exchange’s Prime Standard.
Investors oversubscribed Eleving Group's IPO by 1.2 times
Professional and retail investors from the Baltic countries and Europe showed a lively interest in Eleving Group's initial public offering (IPO): a total of 4,515 investors subscribed to the company's shares for a total of 33 million euros, as the base volume of the offer was oversubscribed 1.2 times. This was the largest IPO in Latvia organized by a privately held company.