The start of trading comes after the company completed a private placement handled by Tradeville in April, raising about RON15 million from investors at a price of RON140 per share. The placement was done by capital increase via cash contributions, so 111,100 shares were issued and the minimum subscription amount was RON121,000.
“Visual Fan successfully raised RON15 million to be used for day-to-day operations, speeding up sales and intensifying marketing campaigns. The total subscriptions stood at almost RON100 million,” Tradeville said.
Visual Fan posted EUR82.75 million (RON404.61 million) revenue last year, while net profit stood at EUR4.88 million (RON23.86 million). In 2019, it posted RON86 million revenue and RON1.84 million profit.
(English version by Loredana Fratila-Cristescu)