Lithuania's energy provider hits Times Square as shares open on Nasdaq

On Monday, Energijos Skirstymo Operatorius, which is responsible for providing electricity and natural gas in Lithuania, opened for trade on the Nasdaq Vilnius stock exchange. To mark the occasion, the company's name and logo were displayed on an enormous display in New York City's iconic Times Square.

“We are happy to continue working together with Nasdaq Vilnius. We hope that trading ESO stocks will contribute to the development of the capital market in Lithuania and that the company's stocks will interest a large number of the market's participants,” said Liudas Liutkevičius, the CEO and board chairman of ESO.

A total of 894,630,333 ESO shares were listed on the Baltic Official trade list. The nominal price of a single share is €0.29 and the stock's ticker symbol is ESO1L.

ESO, which began operations on 1 January 2016, was formed by combining Lithuania's electricity and gas companies (LESTO and Lietuvos Dujos, respectively) into a single company.