Tokushev and Partners has advised non-banking financial company IpoTech Sofcom on its IPO on the BEAM growth market of the Sofia Stock Exchange.
IpoTech Sofcom specializes in collateral loans and is a wholly-owned subsidiary of Bulgarian pawnshop chain operator Sofia Commerce-Pawn Brokerage.
According to IpoTech Sofcom, the IPO will take place on June 21, on “the BEAM growth market of the Sofia bourse, seeking to raise up to BGN 3 million.” The company will “offer up to 1 million shares with a par value of BGN 1 each, priced at BGN 3 apiece.”
If all shares are subscribed for, IpoTech Sofcom will increase its equity capital to 4 million shares, all of which will be admitted to trading on the BEAM market. The shares are expected to start trading on July 12.
The Tokushev and Partners team included Managing Partner Viktor Tokushev, Partner Boris Teknedzhiev, and Attorney at Law Maria Mitkova.
