A Total of 3 500 Orders Submitted for CCB IPO

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A total of 3 500 orders have been submitted for the IPO of Corporate Commercial Bank, Dimitar Vertigov, the bank’s Investment Banking Director told profit.bg today.

“The IPO has attracted a lot of interest from foreign funds and banks,” he also added.

The final results of the auction show that 13.2% of market orders and 6.25% of limit orders have been fulfilled. A total of 1 mln shares of the bank with a face value of 10 leva were offered at the auction.

The price equaled the maximum price – 58.50 leva/each.

1645 persons have subscribed shares and the IPO cost stands at 313 584 leva, BSE reported.

“Trade with CCB stock on BSE is expected to start in the second half of June,” Mr. Vertigov also said.

The bank’s main shareholders are Bromak Ltd and Technological Center – Microelectronics Institute AD controlling 69.34 and 29.06% of the capital respectively.

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