PRA Group Celebrates 30th Anniversary with Nasdaq Opening Bell Ceremony
PRA Group, Inc. (Nasdaq: PRAA) marked its 30th anniversary by ringing the opening bell at the Nasdaq market in Times Square. Founded in 1996 and headquartered in Norfolk, Virginia, the company has evolved from a regional startup into a global leader in non-performing loan (NPL) acquisition and management, currently operating across 18 countries. CEO Martin Sjolund highlighted the company's transition toward its 'PRA 3.0' strategy, which aims to transform the firm into a technology-driven, high-performance global capital allocation entity. The milestone underscores the company's long-term stability and its role in returning capital to financial institutions while managing debt resolution for consumers.
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