Avia Solutions IPO and First Foreign-Market Listing of Lithuanian Shares

01.01.2011 Avia Solutions IPO and First Foreign-Market Listing of Lithuanian Shares

TGS Baltic counselled the intermediary Dom Maklerski BZ WBK S.A. and the adviser Rubicon Partners Dom Maklerski S.A. of the initial public offering of shares in AB Avia Solutions Group to investors in Poland and the admitting of the company’s shares to trading on Poland's regulated market – the Warsaw Stock Exchange.

The company’s shares were successfully placed on and admitted to the Polish regulated market at the beginning of March 2011. As a result, the company raised approximately 19 million euros of capital. The offering and subsequent listing of shares on the Warsaw Stock Exchange was the first admission of a Lithuanian company’s shares to trading on the regulated market of a foreign country.