IPO Archives - Page 2 of 4 - ELANA BG Trader

Gradus raises BGN 81.4m in Bulgaria’s second biggest IPO

20 June 2018

Poultry producer Gradus raised BGN 81.4m from its IPO, the latter being the second largest IPO on the Bulgarian stock market. Gradus placed 45.22 million shares at BGN 1.80 per share raising BGN 79.1m during its IPO auction that took place on 18th and 19th June.

Gradus IPO prospectus is approved, launch expected mid-June

29 May 2018

The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.

Gradus plans BGN 100m IPO on the Bulgarian Stock Exchange

9 February 2018

Leading Bulgarian poultry producer Gradus plans BGN 100m IPO in Sofia, local newspaper Capital reported based on information from the company. The IPO is expected in mid2018.

Sirma targets EUR 120 Million of Consolidated Sales Revenue by 2022

2 February 2018

Sirma Group Holding published its 2018 – 2022 strategy on 1 February 2018. The Company has set three main goals for the period, namely increase in the expertise and value of the Group, diversification of revenue sources and reaching EUR 120m in revenues in FY2022.

SOFIX rises to 9-year high and expands valuation 20% q/q

11 August 2017

SOFIX P/E valuation expands 20% q/q to 11.6x earnings in Q2 2017, according to Bloomberg data. Valuation remains unchanged y/y as stock valuations advance with corporate fundamentals. Current SOFIX P/E is only slightly above its 12M moving average signaling room for further expansion. The index booked fourth consecutive daily rise on 10 August 2017 to… Read more

Bulgarian Stock Exchange to acquire Independent Bulgarian Energy Exchange

19 July 2017

The Bulgarian Stock Exchange (BSE) to acquire the Independent Bulgarian Energy Exchange (IBEX), according to an announcement by the Company. Bulgarian Energy Holding that currently controls 100% of Bulgarian Energy Exchange has to sell the exchange due to EU energy liberalization regulations by July 31st, 2017, according to latest agreements with the European Commission. Bulgarian… Read more

Bulgarian Stock Exchange to start government securities trading

18 July 2017

Bulgarian Stock Exchange (BSO BU) to start government securities trading as early as October 2017, according to a statement by the bourse operator. The stock exchange has received the regulatory nod as to the trading rules. By September 30th, 2017 a functional connection is expected to be implemented between the stock exchange and the Bulgarian… Read more

Media group Investor.bg plans BGN 20m capital raise, buys finance university

13 June 2017

Media Company Investor.bg (4IN BU) plans BGN 20m capital raise, according to the agenda of the upcoming extraordinary shareholders’ meeting scheduled for July 10th 2017. The Company plans to issue 1.594 million new shares with an issue price of BGN 12.95 per share and a nominal price of BGN 1 per share. Thus it will… Read more

Predictions 2017, Bulgarian stock market

Outlook 2017: Bulgarian stocks continue on the upside, attracting new investment and IPOs

24 January 2017

Sofia bourse blue-chip index SOFIX will add 20% gains more in 2017 after the lucky approx. 30% profit for investors in 2016 – this is what ELANA Trading chief investment consultant Tsvetoslav Tsachev wrote in the annual predictions on financial markets. The analysis of the Bulgarian stock market says investors’ mood has been diverted towards… Read more

New IPOs expected on Bulgarian Stock Exchange in 2017

12 January 2017

Bulgarian Stock Exchange Deputy Chairman Vasil Golemanski said two new IPOs are expected on the market this year with one in the BGN 150m range. The statement was made at the annual BSE award ceremony in a speech about the positive trends on the market. The first company to debut on BSE, he said, is… Read more