INVL Technology

Corporate Details

ISIN(s):

LT0000128860

LEI:

5299006UHD9X339RUR46

Country:

Lithuania

Address:

Gynėjų gatvė 14, 01109 Vilnius

Website:

https://www.invltechnology.lt/lit/en

Sector:

Financials

Industry:

Capital Markets

Description

INVL Technology is a closed-end investment company which invests in IT businesses. It is listed on the Nasdaq Vilnius exchange (INC1L). The company was established in early 2015 through a merger of the asset management and IT business companies INVL Technology AB and BAIP Group AB. On 3 July 2015, INVL Technology placed a new issue of 6 060 607 shares at a price of 1.65 euros per share and raised 10 million euros. On 14 July 2016, the Bank of Lithuania issued a closed-end investment company (CEF) licence to INVL Technology. INVL Technology will operate until 14 July 2026, with extension possible for two more years. When the company obtained the status of a CEF, its management was assumed by INVL Asset Management – part of the investment management and life insurance group INVL. INVL Technology operates as a diversified cluster of IT businesses focused on large corporate and public sector clients which helps to globalise the activities of the businesses it owns.