PRA Group Marks 30 Years of Business Excellence by Ringing Nasdaq Opening Bell
On November 3, 2026, PRA Group, Inc. marked a significant milestone in its corporate journey by ringing the opening bell at Nasdaq's market in Times Square, New York City. Celebrating 30 years of business, the event was a tribute to the collective efforts and dedication of the people who have been instrumental in the company's growth.
Martin Sjolund, the President and CEO of PRA Group, expressed his pride in this anniversary and acknowledged the importance of the employees who shaped the company from its humble beginnings in Virginia to its position as a global leader. Alongside Sjolund was co-founder Steve Fredrickson, and other members of the executive team, as well as employees representing PRA Group's global workforce.
"Celebrating 30 years is especially meaningful as this milestone belongs to the individuals who have helped transform PRA Group into what it is today," said Sjolund. He highlighted the company’s evolution from a startup in Norfolk, Virginia, to a globally diversified enterprise operating in 18 countries. Since its public listing in 2002, PRA Group has continued to play a key role in the financial ecosystem by returning capital to banks and other creditors, while also assisting customers in resolving their debts.
As the company reflects on its past, it eagerly looks towards the future. Sjolund emphasized that being proud of the past does not overshadow the excitement for what’s to come. "Together, we are advancing our new strategy 'PRA 3.0,' presented earlier this year, which focuses on becoming a high-performing, technology-backed global capital allocation entity. I am proud of our team’s accomplishments and look forward to creating ongoing value for our customers, employees, partners, and shareholders," he remarked.
Founded in 1996, PRA Group has established itself as a leader in the acquisition and collection of delinquent loans. The company buys portfolios from banks and other creditors. Through its subsidiaries, PRA Group collaborates with customers to help them manage and resolve their debt. With its headquarters located in Norfolk, Virginia, the firm operates not only in the United States, but also across Europe and other international markets. This impressive reach allows it to effectuate meaningful support for individuals dealing with financial difficulties.
As the company commemorates three decades of progress, it stands poised for even greater achievements ahead, urging its stakeholders to remain engaged and excited for what lies in store. For additional insights into PRA Group and its operations or to learn more about the firm’s strategies moving forward, visit their official website at www.pragroup.com.
Martin Sjolund, the President and CEO of PRA Group, expressed his pride in this anniversary and acknowledged the importance of the employees who shaped the company from its humble beginnings in Virginia to its position as a global leader. Alongside Sjolund was co-founder Steve Fredrickson, and other members of the executive team, as well as employees representing PRA Group's global workforce.
"Celebrating 30 years is especially meaningful as this milestone belongs to the individuals who have helped transform PRA Group into what it is today," said Sjolund. He highlighted the company’s evolution from a startup in Norfolk, Virginia, to a globally diversified enterprise operating in 18 countries. Since its public listing in 2002, PRA Group has continued to play a key role in the financial ecosystem by returning capital to banks and other creditors, while also assisting customers in resolving their debts.
As the company reflects on its past, it eagerly looks towards the future. Sjolund emphasized that being proud of the past does not overshadow the excitement for what’s to come. "Together, we are advancing our new strategy 'PRA 3.0,' presented earlier this year, which focuses on becoming a high-performing, technology-backed global capital allocation entity. I am proud of our team’s accomplishments and look forward to creating ongoing value for our customers, employees, partners, and shareholders," he remarked.
Founded in 1996, PRA Group has established itself as a leader in the acquisition and collection of delinquent loans. The company buys portfolios from banks and other creditors. Through its subsidiaries, PRA Group collaborates with customers to help them manage and resolve their debt. With its headquarters located in Norfolk, Virginia, the firm operates not only in the United States, but also across Europe and other international markets. This impressive reach allows it to effectuate meaningful support for individuals dealing with financial difficulties.
As the company commemorates three decades of progress, it stands poised for even greater achievements ahead, urging its stakeholders to remain engaged and excited for what lies in store. For additional insights into PRA Group and its operations or to learn more about the firm’s strategies moving forward, visit their official website at www.pragroup.com.
Topics Financial Services & Investing）
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