News from issuers of financial instruments admitted to trading on BSE-Sofia

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06-08-2018 - Information by BSE-Sofia (Press release by BSE-Sofia)

At an official Exchange ceremony the secondary trading of Gradus shares was launched

Sofia, 6 August 2018 - After a successful initial public offering, as a result of which Gradus raised nearly BGN 81.4 million, the companys shares were listed on the BSE. It will be traded on the Standard Equities Segment of the BSE Main Market having the "GR6" ticker, while the IPO price of BGN 1.8 per share evaluated the company at over BGN 438 million. The free float is almost 19% of the capital, which also places Gradus among the leading companies on the BSE.

"The listing of Gradus is a positive sign to all other companies that the capital market can be a real alternative for financing of the private business. The company has shown that well-planned and precisely executed IPO can be a great success even in conditions of low investment activity. The admission to trading of a public company with activity recognized in Bulgaria and in Europe, with more than 1,300 employees, is a strong factor for improving the reputation of the local capital market", said Ivan Takev, CEO of the Bulgarian Stock Exchange.

The capital raised will be used by Gradus to develop existing and new business lines related to the production of high quality food products.