Bulgaria capitals

HR Capital’s IPO in Bulgaria 11 times oversubscribed


SOFIA (Bulgaria), Dec. 15 (SeeNews) – The initial public offering (IPO) of shares in investment firm HR Capital has been oversubscribed almost 11 times, the Bulgarian Stock Exchange (ESB) reported on Wednesday.

The company raised nearly 1.5 million levs (864,000/766,900 euros) during the IPO on ESB’s small and medium-sized enterprise (SME) growth market BEAM, the company said. stock market in a press release.

Due to strong investor interest, HR Capital will offer additional shares worth around 1 million lev on December 17th.

Last week, HR Capital announced that it would offer up to 330,000 shares of 1 lev par value each for subscription at an issue price of 4.48 lev each on December 15th. The IPO will be considered successful if at least 223,215 shares are subscribed and fully paid. for, the company said at the time.

HR Capital also indicated at the time that if the IPO is oversubscribed at least 1.5 times, shareholder Web Finance will offer up to 220,000 existing shares at a price of 4.48 levs each on December 17th.

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

The Bulgarian Sofia Stock Exchange Business Accelerator Market (BEAM) was established with the aim of enabling small and medium-sized enterprises (SMEs) to apply for registration under simplified procedures compared to the regulated market.

(1 euro = 1.95583 lev)