The logo of asset manager NLB Skladi at their Ljubljana hedquarters. Photo: Bor Slana/STA
The Slovenian capital market is preparing for a rare initial public offering as the newly established asset management vehicle NLB Skladi - Nepremičnine has announced plans for a public share offering with the aim of listing them on Ljubljana Stock Exchange.
According to a prospectus published on 12 June, the company plans to issue up to 10 million new shares at a fixed price of €10 per share. The minimum investment has been set at €5,000.
The public subscription period is scheduled to run from 16 June to 16 October, with the possibility of a three-week extension.
Targeting retail and institutional investors
NLB Skladi - Nepremičnine is structured as a closed-end alternative investment fund, operating as a real estate investment company. Established in May by Slovenia's leading asset management firm, NLB Skladi, the fund's primary objective is to pool investor capital to build a diversified portfolio of real estate assets.
The fund currently holds a share capital of just a million euros divided into 100,000 ordinary shares, all owned by its parent company. The capital raising plan was approved on 27 May, targeting a capital increase of between €29 million and €100 million.
To be deemed successful, the IPO must achieve a minimum subscription threshold of 2.9 million shares.
The subscription will be open to both institutional and retail investors. While retail participation is restricted to investors based in Slovenia, qualified institutional investors from neighbouring Croatia will also be permitted to participate.
A welcome boost for the Ljubljana Stock Exchange
If the capital raise is successful, the new shares are expected to float on the LJSE's standard market shortly thereafter.
While the LJSE has had a few technical or direct listings in recent years, such as the real estate spin-off Equinox in 2023, true IPOs that actively raise fresh capital from the public remain a rarity. The last major IPO was NLB bank in 2018.
Read the full article at The Slovenia Times →📄Source document: Prospectus published on 12 June
1 reports
The Slovenia TimesIndependentCenter9 days agoNLB Skladi - Nepremičnine, a newly established asset management vehicle in Slovenia, is planning an initial public offering (IPO) on the Ljubljana Stock Exchange. The company intends to issue up to 10 million new shares at €10 per share, with a minimum investment of €5,000. The public subscription period runs from 16 June to 16 October, with potential extensions. The fund aims to raise between €29 million and €100 million, requiring a minimum subscription of 2.9 million shares. The fund is structured as a closed-end alternative investment fund focused on real estate investments.
Bias read (Center): The article provides factual information about an upcoming IPO without any apparent ideological framing, loaded language, or selective emphasis. It reports on financial details, timelines, and objectives of the company without taking a stance or showing bias toward any political group or ideology.
Official sources cited
- organisation Prospectus published on 12 June
Slovenia