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Croatia’s share indices extend gains thanks to Podravka, Adris
Ljubljana share indices end week up, Telekom Slovenije leads gainers
Nov 23, 2007 17:33 EEST
November 23 (SeeNews) - Bulgarian printing and advertising company Billboard will hold its initial public offering (IPO), in which it seeks to raise 4.5 million levs ($3.4 million/2.3 million euro), from December 5 to 7.
The company will offer to investors 1.5 million new shares with a par value of 1.0 levs and an issue price of 3.0 levs each, as the price will be determined through book-building, the company said in a statement carried by the State Gazette.
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The new share issue, to be offered on the stock exchange in Sofia, will raise the company's nominal share capital to 7.5 million levs.
Billboard owns six companies, including a company that holds the rights for posting advertisements at the Sofia undeground railway stations, a unit for the sale of printing machines, and a software firm.
The company, owned by local businessmen, projects to raise its revenue to over 23 million levs this year from around 17.5 million levs in 2006. It will put into operation two offset printing machines this year, which will start operating at full capacity in 2008, when total revenue is planned to exceed 35 million levs.
(1 euro = 1.95583 Bulgarian levs)
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