The pre-listing capitalization of Appraisal & Valuation nears RON15 million.
A total 387,000 shares were put up for sale within the private placement, with the final price being set at RON11.5 per share. Total subscriptions exceeded RON18 million, triggering an oversubscription by more than four times compared with the initial value of the offering.
The minimum subscription was 4,500 shares, and most subscriptions were carried out online on trading platform TradeVille.
The stock listing will also be assisted by TradeVille, as licensed consultant.
The funds raised via the private stock placement will be used to fund and develop the company’s current activity, including by creating new divisions, possible acquisitions, and extending digital services and platforms both locally and globally.
Appraisal & Valuation was established in 2010, as a limited liability company, and on May 6, 2021, its legal status was changed into joint-stock company.
Appraisal & Valuation has been the exclusive representative of NAI Global in Romania since 2012. The company has continued its development and in 2019, it opened a unit in the Republic of Moldova, through the company Activ Global Properties SRL, headquartered in Chisinau, which provides appraisal services across Moldova. In 2020, the unit became a NAI Global partner in Moldova.
In May 2021, Appraisal & Valuation signed a strategic partnership with Transilvania Broker, the fourth largest player on the Romanian insurance brokerage market, providing appraisal services exclusively to TBK clients, thus contributing to accessing the insurance market and, implicitly, some new client categories.
NAI Global is a global commercial real estate brokerage firm focused on buying, leasing, selling, financing and managing commercial property. It has 5,000 professionals and 375 offices across 55 countries.
Appraisal & Valuation SA is a corporate member of the National Association of Licensed Appraisers (ANEVAR)
Per data on Confidas.ro platform, the company is 97% held by Ioan Andrei Botis, 2% by Georgiana Roxana Botis and 1% by Mihail Sorin Huidu. Andrei Botis is the CEO of Appraisal & Valuation SA and President of the Romanian Green Building Council.