London Stock Exchange Welcomes Ignitis Group to the Main Market

Ignitis grupė, one of the largest utility and renewable energy groups in Lithuania and the Baltic region, today celebrated its admission to London Stock Exchange's Main Market through trading on the International Order Book. The company, trading under the ticker symbol IGN.LI, achieved a market capitalisation of €1.67 billion on its first day of conditional trading through a dual listing on Nasdaq Vilnius and London Stock Exchange.  

Darius Maikštėnas, CEO and Chairman of the Management Board said: "The listing on London Stock Exchange and Nasdaq Vilnius represents a historic moment for Ignitis grupė and for Lithuania. Ignitis grupė has experienced real transformation in recent years and we are very proud to have grown to be a leading regional utility player with the majority of our power generation coming from renewable sources, underpinned by a resilient earnings base. 

I am delighted with the local and international investor interest in our offering and welcome our new shareholders who all understand this exceptional opportunity. I am extremely proud of everyone at Ignitis grupė whose hard work and dedication has made the company what it is today. This is a landmark moment for the company and an important step into the next phase of our exciting future.”   

Denzil Jenkins, Interim CEO, London Stock Exhange plc, LSEG commented: “We congratulate Ignitis on their successful IPO. Ignitis joins a number of green-focused businesses on our markets reflecting the growing demand from global investors for ESG-linked investments and London’s position as a hub for sustainable finance. Their listing is the largest from Lithuania and the wider Baltic region to list on London Stock Exchange and we are delighted to welcome them to our Main Market.”

About Ignitis grupė

Ignitis grupė is a leading utility and renewable energy group in the Baltic region, with operations in its home markets in Lithuania, Latvia, Estonia, Poland and Finland. The Group has transformed into a regional leader in the transition to green energy whilst also playing an important role in ensuring the long-term energy security of Lithuania and wider Baltic region, with the Government of Lithuania as a key long-term stakeholder. 

Creating an Energy Smart world and committing to a more sustainable future is core to all of the Ignitis grupė’s activities. Implementing its strategy Ignitis grupė focuses on its commitment to contribute to the decarbonisation of the energy sector, through the modernization of the energy system, development green energy generation, introducing innovations and complying with the environmental, social and good corporate governance principles. In June 2020 Ignitis Group announced its 2020-2023 strategic plan, the first phase of its roadmap to deliver on its longer-term ambitions. The strategy aligns the Group with the United Nations' Sustainable Development Goals and commits it to reduce net CO2 emissions to zero by 2050. 
The Group's strategy is also aligned with the targets of Lithuania's National Energy Independence Strategy. This includes the adoption of smart metering, innovative technologies and the digitisation of the Lithuanian energy sector, as well as the development of additional green energy generation capacity and synchronisation with continental European energy grids. By continuing to modernise networks and maintain flexible generation capacity, the Group stands by its commitment to ensure resilience and flexibility of the energy system while supporting the energy transition.
For more information on Ignitis grupė please visit


The Company engaged J.P Morgan Securities plc, Morgan Stanley & Co. International plc, Swedbank AB (in cooperation with Kepler Cheuvreux S.A.) and UBS Europe SE to act as Joint Global Co-ordinators and Joint Bookrunners and BofA Securities Europe SA to act as Joint Bookrunner in the event the IPO proceeds.

Quick facts

Market: Main Market
Instrument market cap (£m)
Listing/Admission to trading
07 Oct 2020
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