INVL Technology successfully completes EUR 10 million share placement

Investment in information technology businesses company INVL Technology successfully completed  EUR 10 million new share issue placement during the public offering for the price EUR 1.65 per share. Subscriptions came from current shareholders as well as from institutional and retail investors.


„We congratulate INVL Technology for the successfully acomplished placement of the new share issue – the biggest in the Baltics since year 2011“ – says Arminta Saladžienė, Nasdaq Baltic market manager. – „This great result shows that investors rate high both the company and its shareholders as well as managers; also, that institutional and retail investors await for the new companies in the market“.


“We highly value trust demonstrated by the market to our business and the team. Now we will devote our full attention to the growth of value of managed companies and to the new acquisitions”, – said Kazimieras Tonkūnas, director of INVL Technology.


INVL Technology investments are companies in Lithuania, Norway, Tanzania and Uganda – NRD Group (Norway Registers Development AS, NRD UAB, NRD East Africa Ltd, Infobank Uganda Ltd, Etronika UAB), operating in the field of business climate improvement and e-governance, critical IT infrastructure services company BAIP and Acena and cyber security company NRD CS. Companies operate as a cluster and implement common projects in more than 50 countries worldwide.

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