July 12 (SeeNews) - Bulgarian financial leasing company IpoTech Sofcom [BUL:IPSP] made its debut on the BEAM growth market of the Bulgarian Stock Exchange (BSE) after an initial public offering (IPO) in June, the bourse said on Wednesday.
"Our goal is to ensure a smooth and stable increase in market share in order to consolidate a leading position in the field of non-bank lending. [...] At the planned pace of development, we expect to double our portfolio in the next year and a half," IpoTech Sofcom CEO Irena Vacheva said in a statement.
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As of 1055 CET on Wednesday, shares in IpoTech Sofcom had not traded yet, bourse data showed.
Last month, the company raised some 2.4 million levs ($1.3 million/1.2 million euro) in an IPO on the BEAM market. IpoTech Sofcom's share issue consists of 801,706 shares with a nominal value of 1 lev each.
The company will use the proceeds from the offering to expand its loan portfolio, Dr Irena Vacheva told SeeNews earlier.
Sofia-based IpoTech Sofcom, formerly Sofkom Lizing, specialises in non-bank mortgage lending.
(1 euro = 1.95583 levs)