SOFIA (Bulgaria), October 19 (SeeNews) – Bulgarian real estate investment company Infinity Capital raised nearly 1.36 million levs (833,600 / 715,800 euros) in an initial public offering (IPO) on the Sofia stock exchange BEAM growth market on Oct. 18, he said on Tuesday.
Investors subscribed for and paid for a total of 847,198 shares of the company with a par value of 1 lev and an issue price of 1.60 lev each, Infinity Capital said in a stock exchange filing.
Following the IPO, the company’s capital will increase to over 1.4 million levs, divided into 1,454,883 shares of 1 lev par value each.
According to data from the commercial register, the capital of the real estate investment company is currently 607,685 levs divided into the same number of shares.
Earlier this month, Infinity Capital announced its intention to raise up to LE 5.8 million from investors via an IPO on the BEAM market on October 18 and 19 by offering up to 3,625,000. new shares with a par value of 1 lev and an issue price. of 1.60 lev each. Infinity Capital also said at the time that the IPO would be considered successful if at least 612,500 shares were subscribed and paid for.
In a statement published Monday on the Bulgarian Stock Exchange (ESB) website, Infinity Capital said it would no longer offer shares for subscription on October 19.
Infinity Capital, created in December 2019, is majority owned by the local GD Capital Management AD, owned by the individual Georgi Dimitrov, according to the commercial register.
The ESB SME Growth Market BEAM was created with the aim of enabling small and medium-sized enterprises to apply for a listing under simplified procedures compared to the regulated market.
(1 euro = 1.95583 levs)