March 18 (SeeNews) - The Bulgarian Stock Exchange (BSE) said it decided to admit local online betting and gambling company Telematic Interactive Bulgaria to trading on its main market as of March 22.
The indicative reference price per share for the first trading session is set at 50 levs ($28.14/25.60 euro), the BSE said in a statement on Thursday.
Last month, Telematic Interactive Bulgaria raised over 16 million levs in an initial public offering (IPO) on the BSE. The company received orders for 320,000 shares, or 80% of the total offering, during the subscription period that ran from February 14 to 18.
According to commercial register data, the company's registered capital following the IPO totals 4.32 million levs, divided into 4,320,006 shares with a nominal value of 1 lev each.
Telematic Interactive Bulgaria provides business-to-consumer (B2C) and business-to-business (B2B) services. The B2C segment is served by the Palms Bet brand under which Telematic Interactive Bulgaria operates within Bulgaria, while in the B2B segment is served by Telematic's subsidiary CT Interactive which provides game content to international contracting parties.
(1 euro = 1.95583 levs)