Ignitis Group’s IPO: a success story that transforms the national energy sector and the capital market
On 7 October 2025, Ignitis Group marked the fifth anniversary of its initial public offering (IPO). To celebrate this, the symbolic ringing of the stock exchange bell was heard at the Group's headquarters, and Gediminas Varnas, President of Nasdaq Vilnius, emphasised Ignitis Group’s importance as the largest issuer’s in the Baltic capital market.
IPO took place on 7 October 2020 and was significant both to Ignitis Group and to capital markets of Lithuania and the Baltics, raising EUR 450 million in primary share capital. On that day, the company’s shares were listed on Nasdaq Vilnius and London Stock Exchange.
Gediminas Varnas, President of Nasdaq Vilnius, says that: “Ignitis Group’s IPO strengthened Lithuania’s image as an attractive environment for investment at a global scale. The company’s shares were acquired not only by native residents and employees, but also by large funds, banks and companies from Europe and the USA. This event encouraged broader discussions about the significance of the capital market to country’s economy and its role in the green transition of the energy sector.”
Over the last five years, Ignitis Group proved that the IPO was a strategic decision that enabled the company to execute its ambitious investment plans, i.e., significantly expand renewables capacity and increase the resilience of the electricity distribution network. The Group has invested EUR 3 billion, mainly to green capacities and network expansion. Its installed Green Capacities have doubled, from 1.1 GW to 2.1 GW, and the company has paid EUR 0.5 billion in dividends to shareholders, including EUR 0.3 billion to the state.
Since the launch of the IPO, Ignitis Group has been building relationships with investors and the public based on openness, ensuring transparency and following the highest environmental, social and corporate governance principles.
Today, Ignitis Group comprises around 15% of the total market capitalisation and is the largest listed company in the Baltic states. The number of Ignitis Group’s shareholders has reached 27 thousand, with 43% of them being retail investors from Lithuania. This showcases the public's trust in the capital market and the attractiveness of the company as an investment option.
