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Bulgaria's HR Capital starts trading on Sofia bourse

Author Vasil Kolchev
Bulgaria's HR Capital starts trading on Sofia bourse Photo: Bulgarian Stock Exchange

SOFIA (Bulgaria), January 18 (SeeNews) - Bulgarian investment company HR Capital [BUL:HRC] made its debut on the SME growth market BEAM of the Bulgarian Stock Exchange (BSE) after a successful initial public offering (IPO) in December, the bourse said on Tuesday.

As at 15:05 CET, shares in HR Capital traded 11.57% higher at 6.75 levs as 59,830 had changed hands, bourse data showed.

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"Investors supported HR Capital because they count on the success of Bulgaria's digital transformation and digital economy - a mission which we too share," BSE executive director Manyu Moravenov said.

The company's share issue consists of 3,037,733 shares with a nominal value of 1 lev ($0.58/0.51 euro) each.

HR Capital raised almost 1.5 million levs on December 15 in an IPO which was oversubscribed nearly 11 times. Investors subscribed and paid for a total of 330,000 company shares with a nominal value of 1 lev and an issue price of 4.48 levs per share.

On December 17, investors subscribed and paid for additional 220,000 already existing shares in the investment company that were offered by Web Finance, a shareholder in HR Capital.

HR Capital plans to invest the raised capital in online businesses that scale their activities in a fast-paced way, tapping the opportunities provided by information technologies.

HR Capital is an investment company focused on marketplace and commerce digital business.

(1 euro = 1.95583 levs)

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