Mapon bonds start trading on the Nasdaq stock exchange

Bonds issued by Latvian company Mapon are listed on the Nasdaq Baltic First North Market by Nasdaq Riga. Mapon is the leading fleet management and asset-tracking solution provider in the Baltics and one of the top companies in the industry in Northern Europe.

Mapon successfully raised EUR 3 million through a private bond offering to finance company acquisitions and further expansion Mapon’s operations in Europe.

Mapon is the first company owned by Draugiem Group to be listed on the local stock exchange, demonstrating investors’ willingness to invest in its development.

Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.

Legal assistance in connection with Mapon’s bond issuance was provided by COBALT Banking and Finance team including Partner Edgars Lodziņš, Senior Associate Krišjānis Bušs and Associate Maira Pužule.

Mapon announcement.