Bucharest Stock Exchange (BVB) informs that on Wednesday, May 18, the STK Properties shares will start trading on the AeRO market, the equity segment of the Multilateral Trading System. The company’s shares will be available under the stock ticker STKP. STK Properties is an investment vehicle set up by the STK Emergent investment fund.
STK Properties carried out a private placement of shares in March 2022, in which 40 investors participated. The company sold 1,552,300 shares, at a price of RON 2,25 per share. The amount raised by the company for the sale of the shares – RON 3.5 mn - will be used for the development of a real estate project in Cluj-Napoca, until 2027. The anticipated market capitalization of the company is almost RON 21 mn. The private placement and the listing were made with the BRK Financial Group support.
More information on the STKP shares is available here.