DGKV has advised poultry producer Gradus -1 OOD on the initial public offering of its shares on the Bulgarian Stock Exchange. First Financial Brokerage House was book-runner of the IPO.
Gradus -1 OOD raised a total of BGN 81.4 million from the sale of its shares, making its IPO, according to GDKV, ”the largest since 2007 and the second largest with regard to the amount of funds raised.” According to public data, the most successful recent listings were for between BGN 10 million and BGN 13 million.
Bulgaria's Financial Supervision Commission approved the prospectus in late May and shares of Gradus started trading on the Bulgarian Stock Exchange on June 18, 2018. The IPO included simultaneous offering of new and existing shares of Gradus which makes it a unique offering of this type for the Bulgarian market.
DGKV’s team on this project was led by Partner Georgi Tzvetkov and included Senior Associate Gergana Monovska, and Associates Ivan Punev and Dimo Staykov.