Baltic Classifieds

Last updated

Baltic Classifieds Group plc
Company type Public
LSE:  BCG
FTSE 250 component
Founded1999
Headquarters Vilnius, Lithuania
Key people
Trevor Mather (Chairman)
Justinas Šimkus (CEO)
ServicesClassified portals
RevenueIncrease2.svg 60.8 million (2023) [1]
Increase2.svg €29.1 million (2023) [1]
Increase2.svg €23.2 million (2023) [1]
Website balticclassifieds.com

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]

In 2023, the company became the third unicorn company in Lithuania after Vinted and Nord Security. [6]

Related Research Articles

<span class="mw-page-title-main">Nasdaq Nordic</span> Swedish-based subsidiary of Nasdaq, Inc.

Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe.

<span class="mw-page-title-main">FTSE 100 Index</span> Share index of the London Stock Exchange

The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie", is a stock market index of 100 of the most highly capitalised blue chip companies listed on the London Stock Exchange.

<span class="mw-page-title-main">FTSE 250 Index</span> Stock market index

The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange, mostly covering the mid cap sector between large and small companies. The index contains a higher proportion of companies whose primary business is conducted in the UK, compared to the FTSE 100. Due to this, the FTSE 250 tends to be more representative of the strength of the UK economy than the FTSE 100. Promotions and demotions to and from the index occur quarterly in March, June, September, and December.

<span class="mw-page-title-main">Nasdaq Vilnius</span> Lithuanian stock market index

The Nasdaq Vilnius is a stock exchange established in 1993 operating in Vilnius, Lithuania. It is owned by Nasdaq Nordic, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange. OMX Vilnius (OMXVGI) is a stock market index for the Nasdaq Vilnius Exchange.

<span class="mw-page-title-main">Russell 2000 Index</span> US small-cap stock market index

The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG).

<span class="mw-page-title-main">Apax Partners</span> British private equity firm

Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2023, the firm had raised and advised funds of approximately $65 billion (USD). Apax Partners is one of the oldest and largest private equity firms operating on an international basis.

<span class="mw-page-title-main">FTSE Group</span> British provider of stock market indices

FTSE International Limited trading as FTSE Russell ( "Footsie") is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates the well known UK FTSE 100 Index as well as a number of other indices. FTSE stands for Financial Times Stock Exchange.

The FTSE 350 Index is a market capitalization weighted stock market index made up of the constituents of the FTSE 100 and FTSE 250 indices. The FTSE 100 Index comprises the largest 100 companies by capitalization which have their primary listing on the London Stock Exchange, while the FTSE 250 Index comprises mid-capitalized companies not covered by the FTSE 100, i.e. the 101st to 350th largest. See the articles about those indices for lists of the constituents of the FTSE 350.

The FTSE All-Share Index, originally known as the FTSE Actuaries All Share Index, is a capitalisation-weighted index, comprising around 600 of more than 2,000 companies traded on the London Stock Exchange (LSE). By weighting companies based on their market capitalisation, the index ensures that companies with larger market capitalisations have a greater influence on the index's performance. Since 29 December 2017 the constituents of this index totaled 641 companies. The FTSE All-Share is the aggregation of the FTSE 100 Index and the FTSE 250 Index, which are together known as the FTSE 350 Index, and the FTSE SmallCap Index. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. It aims to represent at least 98% of the full capital value of all UK companies that qualify as eligible for inclusion.

The FTSE AIM UK 50 Index was introduced on 16 May 2005, and is a market-capitalisation-weighted stock market index. The index incorporates the largest 50 UK companies which have their primary listing on the Alternative Investment Market (AIM).

The FTSE SmallCap Index is an index of small market capitalisation companies consisting of the 351st to the 619th largest-listed companies on the London Stock Exchange main market. The index, which is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group, is a constituent of the FTSE All-Share Index which is an index of all 620 companies listed on the main market of the LSE.

<span class="mw-page-title-main">London Stock Exchange Group</span> British financial services company

London Stock Exchange Group plc is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.

<span class="mw-page-title-main">3i Infrastructure</span> Investment business headquartered in Jersey

3i Infrastructure plc is an investment trust headquartered in Jersey. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Aberforth Smaller Companies Trust</span>

Aberforth Smaller Companies Trust is a large British investment trust dedicated to investments in smaller companies. Established 10 December 1990, the company is a constituent of the FTSE 250 Index, an index of the larger companies on the London Stock Exchange.

Monks Investment Trust was incorporated in 1929 and was one of three trusts founded in the late 1920s by a group of investors headed by Sir Auckland Geddes. The other two trusts were The Friars Investment Trust and The Abbots Investment Trust. The company secretary's office was at 13/14 Austin Friars in the City of London hence the names. Sir Auckland Geddes was a former professor of anatomy who, during the First World War, had become Director of Recruiting at the War Office. He then went on to become a Unionist MP and a Cabinet Minister as President of the Board of Trade.

Apax Global Alpha is a large British investment trust focused on private equity investments. Established in 2015, the company is a constituent of the FTSE 250 Index, an index of the larger companies on the London Stock Exchange.

FTSE Russell is a subsidiary of London Stock Exchange Group (LSEG) that produces, maintains, licenses, and markets stock market indices. The division is notable for the FTSE 100 Index and Russell 2000 Index, among others.

Henderson Smaller Companies Investment Trust is a large British investment trust dedicated to investments in smaller companies. Established as The Trustees Corporation in 1887, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chair is Penny Freer.

<span class="mw-page-title-main">W. A. G. Payment Solutions</span>

W. A. G. Payment Solutions, trading as Eurowag, is a business which processes freight and road payments across Europe. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

  1. 1 2 3 "Annual Report 2023" (PDF). Baltic Classifieds. Retrieved 12 February 2024.
  2. 1 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.
  6. "Oficialu: Lietuva turi trečiąjį vienaragį". Made in Vilnius. Retrieved 24 March 2024.