News

The initial public offering (IPO) of APF Holdings (hereinafter APF) shares starts today at 10 a.m., and any resident of Latvia, Estonia and Lithuania, as well as institutional investors, can subscribe for the new APF shares until 3:30 p.m. on October 30. The price per share is EUR 6.81 and the minimum investment is one share. APF is a group of companies comprising one of the largest poultry and egg production companies in Latvia, SIA Alūksnes Putnu Ferma, and poultry and rearing company SIA Preiļu Putni.

International investment research company Enlight Research, that is regularly engaged in evaluating the shares of companies listed on the Baltic bourse, has valued the shares of JSC APF Holdings (hereinafter – APF) at EUR 51 million, while the value of one share is EUR 8.92. This valuation exceeds the share price set in APF Initial Public Offering – EUR 6.81.

JSC APF Holdings (hereinafter referred to as APF), a group of companies comprising one of the largest poultry farming and egg producing enterprises in Latvia LLC Alūksnes putnu ferma and poultry farming and breeding company LLC Preiļu putni, has received the Bank of Latvia’s approval for the Prospectus of an initial public offering (hereinafter referred to as IPO) of APF shares, in which the IPO share price has been set at EUR 6.81 and the share subscription period from October 13 to 30.

Joint-stock company APF Holdings (hereinafter – APF), a group of companies that includes one of the largest poultry and egg production companies in Latvia, SIA Alūksnes Putnu Ferma, and poultry and rearing company SIA Preiļu Putni, aims to raise EUR 7 million in initial public offering (IPO) set for the fall this year to implement its development plans.

Joint-stock company APF Holdings (hereinafter – APF), a group of companies that includes one of the largest poultry and egg production companies in Latvia, SIA Alūksnes Putnu Ferma, and poultry and rearing company SIA Preiļu Putni, has before its initial public offering (IPO), scheduled for this coming fall, appointed a new supervisory board. Uldis Iltners is the new chairman of the supervisory board and Eva Berlaus is his deputy. The other supervisory board members are Miguel Jordao and Aleksandrs Adamovičs.

During its initial public offering (IPO) scheduled for the fall this year, joint-stock company APF Holdings (hereinafter – APF), a group of companies comprising one of the largest poultry and egg production companies in Latvia, SIA Aluksnes Putnu Ferma, and poultry and rearing company SIA Preilu Putni, aims to raise investor capital to significantly expand the scale of Aluksnes Putnu Ferma Group’s operations and increase egg production 60% by 2025. Growth of this scale will elevate the company’s revenues from around EUR 11 million in 2022 to EUR 25 million in 2025.

Which came first, the chicken or the egg, is no longer relevant because mass-market egg producer Alūksnes Putnu Ferma, part of APF Holdings, has set a unique precedent. In view of the rapid development of the smart device gaming market or mobile gaming industry and with the aim of reaching out to a more digitally advanced audience of younger and youth consumers, the company has invested more than EUR 200,000 in the development of a new egg brand and mobile application “The Chick Game”. As a result, consumers who buy products from the “The Chick Game” line will not only be able to enrich their diet with quality chicken eggs sustainably produced in Latvia, but also become “virtual chicken farmers” who learn about modern poultry farming practices in a digital and entertaining way.

Keeping up with the trends of healthy lifestyle and nutrition, consumer egg production company Alūksnes Putnu Ferma, part of the joint stock company APF Holdings, presents a novelty never seen before in Latvia – Fiteg2, a brand of egg white protein smoothies. More than EUR 120,000 has been invested in the development and roll-out of the unique product line, which includes three flavors of smoothies.