FSC approves Gradus IPO


The prospectus of poultry producer Gradus has been approved by the Financial Supervision Commission.


The public offering is for 55 555 556 shares, of which 27 777 778 new and 27 777 778 existing ones at an offer price range of BGN 1.80-2.35. The major shareholders have a green shoe option to offer additional 6 638 888 in case of significant investor interest. Should the green option is excercised, Gradus AD free float will reach 25%.


The shares would be offered at an IPO Auction on the IPO segment on BSE-Sofia. The duration of the offering will be two consecutive business days where the exact dates would be announced in due course in BSE bulletin. It is expected that the IPO takes place in mid-June.


FFBH is the manager of the offering.