November 9 (SeeNews) - Bulgarian real estate investment company Infinity Capital made its debut on the SME growth market BEAM of the Bulgarian Stock Exchange (BSE) on Tuesday, the bourse said.
"We welcome Infinity Capital, which is the first representative of the real estate sector on the BEAM market in confirmation that the growth market is also suitable for securitisation of real estate portfolios of investment companies," Manyu Moravenov, BSE's executive director, said in a statement.
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The BSE's 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.
As at 14:30 CET on Tuesday, shares in Infinity Capital traded at 1.65 levs on the floor of the BSE, bourse data showed.
Last month, Infinity Capital raised close to 1.36 million levs in an IPO on the BEAM market. Investors subscribed and paid for a total of 847,198 company shares with a nominal value of 1 lev and an issue price of 1.60 levs each, Infinity Capital said at the time.
The company's registered capital currently amounts to some 1.45 million levs ($858,500/741,400 euro) divided into 1,454,883 ordinary shares with a nominal value of 1 lev each, according to commercial register data.
Infinity Capital, set up in December 2019, is majority-owned by GD Capital Management, property of private individual Georgi Dimitrov.
(1 euro = 1.95583 levs)