Baltic Classifieds

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.

Baltic Classifieds Group plc
TypePublic
LSE: BCG
FTSE 250 component
Founded1999
HeadquartersVilnius, Lithuania
Key people
Trevor Mather (Chairman)
Justinas Šimkus (CEO)
ServicesClassified portals
RevenueIncrease €51.0 million (2022)[1]
Decrease €13.6 million (2022)[1]
Increase €2.4 million (2022)[1]
Websitebalticclassifieds.com

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
  1. "Annual Report 2022" (PDF). Baltic Classifieds. Retrieved 16 February 2023.
  2. "Baltic Classifieds Shares Rise in London Market Debut". Market Watch. 30 June 2021. Retrieved 25 August 2021.
  3. "Apax Funds acquires Baltic Classifieds Group". AIM Group. 21 May 2019. Retrieved 25 August 2021.
  4. "Baltic Classifieds Group hits £1bn valuation on London Stock Exchange debut". Proactive Investors. 5 July 2021. Retrieved 25 August 2021.
  5. "FTSE UK Index Series – indicative quarterly review changes September 2021". FTSE Russell. Retrieved 25 August 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.