The Capital Markets team of Elias Neocleous & Co LLC has successfully advised on the sale of existing shares by Rangeglow Limited, a Cyprus-based entity, in connection with the initial public offering (IPO) of Cris-Tim Family Holding on the Regulated Market, Premium Category of the Bucharest Stock Exchange raising RON 454.35 million.
Clifford Chance Badea advised the issuer on the IPO and its historic listing formed part of Cris-Tim Family Holding’s broader development process and marked a significant milestone in the group’s growth, as it successfully transitioned into a publicly listed company. The IPO attracted exceptionally strong investor demand, achieving a subscription rate of approximately 197%. Following the listing, Cris-Tim Family Holding attained a market capitalisation of approximately RON 1.5 billion.
This successful offering underscores the strength of the company’s market position and represents an important step in its continued expansion.
Elias Neocleous & Co LLC remains committed to delivering exceptional legal services and strategic advice, guiding clients through complex capital markets transactions with expertise and precision.
For further details, please contact Demetris Roti.