December 9 (SeeNews) - Bulgarian investment company HR Capital said it will launch a 1.48 million levs ($854,700/755,900 euro) initial public offering (IPO) on the Bulgarian Stock Exchange's BEAM market on December 15.
HR Capital will offer for subscription up to 330,000 shares of 1 lev in par value each at an issue price of 4.48 lev apiece, the company said in a bourse filing on Wednesday.
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The IPO will be considered successful if at least 223,215 shares are subscribed and fully paid for.
If the IPO is oversubscribed at least 1.5 times, the shareholder Web Finance will offer up to 220,000 existing shares at a price of 4.48 levs apiece on December 17, the company added.
HR Capital is an investment company focused on marketplace and commerce digital business.
The Sofia bourse's Bulgarian Enterprise Accelerator Market (BEAM) market was created with the purpose of allowing small and medium-sized enterprises (SMEs) to seek listing under simplified procedures as compared to the regulated market.
(1 euro = 1.95583 levs)