Storent raises €16.5M — a strong signal for Baltic capital markets
Latvia’s equipment rental company Storent Holding has successfully completed its public bond offer, raising €16.5M — the full target amount. Demand remained solid throughout the process: €13.3M during subscription and another €3.2M through bond swaps. In total 1,200+ investors participated, and Storent’s overall investor base now exceeds 5,000 people.
The structure once again reflects the typical Baltic pattern:
• 74% of investment volume from Latvia
• 20% from Lithuania
• 6% from Estonia
Retail investors made up 85% of total demand — and all orders were allocated in full.
The company will direct €11.4M to refinancing, with the remaining capital supporting Storent’s expansion in the Baltics, the Nordics and the US. Storent will now apply for listing on Nasdaq Riga.
Context: This is the second major autumn signal highlighting the strength of Baltic retail-driven capital markets. Local investors continue to dominate regional financing — and Storent is one of the clearest examples of this trend.
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