IPO Growth raised BGN 11.6m in its public offering process; BSE acquired 28.2% of the issue

06.08.2025 Source: IPO Growth; FFBH

The investment company IPO Growth successfully completed its BGN 11.55m IPO procedure on the BSE’s main market. The offering of 10 500 000 new shares with a nominal value of BGN 1.00 and an issue price of BGN 1.10 was reportedly fully subscribed. Note that BSE group acquired 28.16% of the issue, or 2 956 800 new shares. The remainder of the issue was subscribed mainly by institutional investors (66.98%) and retail investors (3.92%). Recall that the minimum requirement for the issue to be successful was 10 million new shares. Consequently, without BSE’s support in the amount of BGN 3.3m, the IPO procedure would have failed to meet the threshold.