SOFIA (Bulgaria), July 22 (SeeNews) – Bulgarian software developer Sirma Group Holding said on Wednesday it has obtained approval from the country's financial regulator for its initial public offering (IPO) prospectus and expects to debut on the Sofia bourse in September.
The company will offer a total of 18,491,858 shares, of which 16,000,000 new shares and 2,491,858 existing ones, with a nominal value of 1 lev ($0.5593/0.5112 euro) each, Sirma Group said in a press release.
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The IPO will be considered successful if at least 8 million shares with an issue price between 1.2 - 1.65 levs each are subscribed for.
(1 euro= 1.95583 Bulgarian levs)