As of March 5, the bonds of the Latvian agricultural cooperative LPKS LATRAPS have been listed on the Nasdaq Baltic First North market.
This is a historic event, as it marks the first time that securities of a Latvian agricultural cooperative have been traded on the stock exchange, providing a broader range of investors with the opportunity to invest in a promising company and contribute to the growth of Latvian agriculture.
Latraps, the leading cooperative in Latvia’s agricultural sector, raised EUR 8 million during its public bond offering in December 2024 to establish ASNS Ingredient, the largest pea protein isolate production plant in Northern Europe. Interest from private and institutional investors was significant, with total demand for bonds exceeding EUR 12 million – 50% more than the initial issuance target.
“In nearly 25 years, we have built a strong and competitive cooperative that unites more than 1,220 members. Previously, only LATRAPS members could invest in our growth, but with this bond offering, we have opened the opportunity for a wider Baltic investor base to take part in shaping Latvia’s agricultural success story. We are honored to join the ambitious companies of Nasdaq Baltic First North and thank over 300 Baltic investors for their trust. Together, we can make the names of Latvian agriculture, LATRAPS, and ASNS Ingredient resonate globally – in the world economy and every kitchen,” emphasized Roberts Stripnieks, Chairman of the LATRAPS Board.
The launch of these securities on the market was symbolically marked worldwide with the ringing of the stock exchange bell and an announcement on the screen at Times Square in New York. Today, the stock
exchange bell rang in a special acoustic venue – Mežaparks Grand Stage – where the event was attended by Minister of Agriculture Armands Krauze, who highlighted that LATRAPS’ public bond issuance is a significant step not only for the cooperative but also for the overall development of Latvian agriculture.
Information source: Latraps
