Baltic Classifieds Group PLC (LON:BCG), an online classifieds group operating in the three Baltic states, was admitted today to the London Stock Exchange's main market following an initial public offering at 165 pence a share.
The shares rose as high as 200p in early trading, valuing the company at about £1bn, before dipping to 199.80p by mid-morning.
BCG owns and operates 12 online classifieds portals in Lithuania, Estonia and Latvia, comprising eight specialist portals across automotive, real estate, and jobs and services, and four generalist portals.
The group's portals attracted 69.2mln visits on average per month in the financial year to end April 2021, equivalent to 11.5 visits per month for each Baltic citizen.