Bulgaria capitals

Bulgarian company HR Capital trades on the Sofia Stock Exchange

SOFIA (Bulgaria), January 18 (SeeNews) – Bulgarian investment company HR Capital [BUL:HRC] debuted on the BEAM SME growth market of the Bulgarian Stock Exchange (BSE) after a successful initial public offering (IPO) in December, the exchange said on Tuesday.

As of 3:05 p.m. CET, shares of HR Capital were trading up 11.57% at 6.75 levs, with 59,830 changing hands, according to exchange data.

“Investors supported HR Capital because they rely on the success of Bulgaria’s digital transformation and digital economy – a mission we also share,” said BSE Executive Director Manyu Moravenov.

The company’s stock issue consists of 3,037,733 shares with a nominal value of 1 lev ($0.58/0.51 euro) each.

HR Capital raised nearly 1.5 million levs on Dec. 15 in an IPO that was almost 11 times oversubscribed. Investors subscribed and paid for a total of 330,000 shares of the company with a nominal value of 1 lev and an issue price of 4.48 lev per share.

On December 17, investors subscribed and paid for an additional 220,000 existing shares of the investment company which were offered by HR Capital shareholder Web Finance.

HR Capital plans to invest the capital raised in online businesses that are expanding their business at a rapid pace, exploiting the opportunities offered by information technology.

HR Capital is an investment firm focused on digital markets and commerce.

(1 euro = 1.95583 levs)