PRA Group Marks 30th Anniversary at Nasdaq
Debt collection and financial services firm PRA Group celebrated three decades of operation by ringing the opening bell at the Nasdaq stock exchange.
On November 2, 2026, Norfolk-based PRA Group observed its 30th year in business with an opening bell ceremony at the Nasdaq exchange in New York City. Founded in 1996, the company has expanded from a regional startup into a global entity operating in 18 countries.
The firm, which has been publicly traded since 2002, specializes in the acquisition and management of nonperforming loan portfolios from major financial institutions. According to CEO Martin Sjolund, the company’s evolution is a reflection of its workforce and its role within the broader financial ecosystem.
Currently, the company is shifting its operational focus toward a strategy dubbed "PRA 3.0." This initiative aims to integrate more advanced technology into its capital allocation processes. Management stated that the goal of this transition is to improve performance and service delivery across its international markets.