[ad_1]
Demand in the Raize Public Offering (OPV) exceeded 3.7 times the offer, having been subscribed by 369% and attracting 1,419 investors, this Friday announced the platform for loans to small and medium-sized enterprises (SMEs).
According to a statement sent to the editors, a strong demand forced the distribution (at a ratio of 27%) of the distribution of the shares and ensured that all the private investors received at least 500 shares of the company. By July 6, the company had announced that demand had already exceeded the supply by 2.1 times.
Among the institutional investors who participated in the transaction are SGF – Pension Fund Management Company, IPID Holding of Ilídio Pinho and António Aguiar Moreira, former head of Holding SGPS, adds the company
In this first phase, 750,000 shares (corresponding to 15% of the capital) were sold for a fixed price of two euros, the initial offer at 1.5 million euros and the valuation of the company to 10 million euros. With OPV, each investor sought on average 529 shares, corresponding to € 1,058 (taking into account the selling price of two euros for each security).
The shares will be traded under the symbol MLRZE on the Lisbon Stock Exchange. from next Wednesday 18 July, in the Euronext Access trading system, a platform for start-ups and SMEs wishing to finance their activity on the capital market, managed by Euronext Lisbon.
Raize expects to start paying dividends in 2020. According to the latest accounts for 2017, Raize has almost tripled its banking product by over the previous year, to 264.3 thousand. euros, but continues to show a negative net result, although it has reduced it by 66% to 20.97 thousand euros. Taking into account the data on Raize's website, the platform has 30,810 investors and has financed 15.53 million euros of business loans, with 774 transactions completed
The public offer for sale ( OPV) of Raize Management Services, SA (owner of RaizeCrowd, the company that manages the collaborative finance platform) started on June 18th and went through this Thursday, July 12th. The 25% dispersion of registered capital, intended for retail and institutional investors, provides for two phases. The initial IPO of 15% – whose results were known today – and the provision of an additional 10% of capital over six months to enhance liquidity and diversify the shareholder.
The sale of the securities was made by the shareholders, in proportion to their participation. In addition to José Maria Rego and Afonso Eça (each with 30.1% before the offer), the shareholders are also 10% owned by Luis Delgado's POTUS (president of Trust in News, owner of EXAME) ), family office Partac (of the Champalimaud family) with 5.3% or Parinama Capital, of the Salvador Caetano family, SIMUM and Diogo Champalimaud Lino Ciclocerto (all three with 4% each) [19659002] second phase – following the trading of securities of the first phase – from the perspective, will be issued standing orders to sell up to 500,000 shares of the company, divided into ten levels with 50,000 shares each and corresponding at thresholds. Orders will be given starting from 2.20 euros (first tranche), the following amounts being defined at 0.2 and 0.2 euros – 2.40, 2.60 and 2.80 euros, up to the last installment,
The IPO was set up by a syndicate led by Haitong Bank and includes ActivoBank and Banco BEST, with the help of Uría Menéndez-Proença de Carvalho
]
[ad_2]
Source link
