Baltic Classifieds
Type | Public |
---|---|
LSE: BCG FTSE 250 component | |
Founded | 1999 |
Headquarters | Vilnius, Lithuania |
Key people | Trevor Mather (Chairman) Justinas Šimkus (CEO) |
Services | Classified portals |
Revenue | €42.3 million (2021)[1] |
€15.8 million (2021)[1] | |
€(0.1) million (2021)[1] | |
Website | balticclassifieds |
Baltic Classifieds Group is a Lithuanian company that specialises in classified portals. The company was established in 1999 and is headquartered in Vilnius, Lithuania. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History[]
The company was established with the launch of two classified portals in Estonia in 1999.[2] It subsequently expanded by acquisition creating an enlarged portfolio including portals in Latvia and Lithuania.[2]
The company was acquired by Eesti Meedia Group in 2014 and by funds managed by Apax Partners in May 2019.[3] It was then the subject of an initial public offering on the London Stock Exchange in July 2021.[4] In August 2021 FTSE Russell announced that, based on the size of its market capitalisation (circa £1.2 billion at that time), the company was an indicative candidate for inclusion in the FTSE 250 Index.[5]
References[]
- ^ a b c "Prospectus" (PDF). Baltic Classifieds. Retrieved 25 August 2021.
- ^ a b "Baltic Classifieds Shares Rise in London Market Debut". Market Watch. 30 June 2021. Retrieved 25 August 2021.
- ^ "Apax Funds acquires Baltic Classifieds Group". AIM Group. 21 May 2019. Retrieved 25 August 2021.
- ^ "Baltic Classifieds Group hits £1bn valuation on London Stock Exchange debut". Proactive Investors. 5 July 2021. Retrieved 25 August 2021.
- ^ "FTSE UK Index Series – indicative quarterly review changes September 2021". FTSE Russell. Retrieved 25 August 2021.
- Companies based in Vilnius
- 1999 establishments in Lithuania