The company’s pre-listing capitalization reaches RON104.7 million.
The listing comes after the company carried out a private placement for shares in June 2021. The majority shareholder sold 838,260 shares at a price of RON 25 per share. A number of 178 investors subscribed during the private placement, out of which 39 were qualified and 139 retail investors. The company’s pre-listing capitalization reaches RON104.7 million. The private placement and the listing were assisted by TradeVille.
Total subscriptions exceeded RON113 million, triggering an oversubscription by more than seven times compared with the initial value of the offering. The company raised RON21 million via a private stock placement which was more than seven times oversubscribed.
The second offering of Arctic Stream shares was initiated by Dragos Octavian Diaconu, the company’s majority shareholder and sole administrator. Diaconu holds 3.6 million shares, accounting for 86.1% of the company’s share capital.
Arctic Stream had a turnover of nearly EUR8 million (over RON40 million) in 2020, up over 120% versus 2019, and a net profit of over EUR1.2 million (over RON6 million), up 200% from 2019.
Arctic Stream is a Romanian-held company established in 2017, with a portfolio of services that includes the assessment of IT infrastructure, consulting, design, integration and development of data and IT security infrastructure, project management, configuration, implementation and migration of complex solutions, as well as post-implementation operational maintenance and support.