The placement was handled by TradeVille.
The company sold 900,936 shares, with the final price set in the offering standing at RON5.7, in line with the maximum price of the subscription interval.
In the wake of the successful offering, Dr. Fischer Dental’s estimated capitalization revolves around RON33.7 million.
The company will make the necessary moves to list on the AeRO market of the Bucharest Stock Exchange. The listing will be assisted by TradeVille.
The funds raised in the offering will be used for the setting up of a dental works lab in Germany and of some mobile services points in Romania.
“With the aid of this funding, we plan to expand abroad. We want to become a major dental works services providers on the European market. We have a 25 years’ experience, we are already present in 10 countries of Europe and America and the market where we operate has a high growth potential both in Romania and globally,” said Dr. Antoaneta Fischer, the founder of the company.
The company has registered constant revenue growth in the past three years, hitting RON9.2 million turnover last year and a net profit margin of 25.4%.
Dr. Fischer Lab business was founded in 1995 by dentist Antoaneta Fischer, aged 65, who had previously gained experience in Dusseldorf and Berlin, ever since 1986. Dr. Antoaneta Fischer is Chairwoman of the Board of Directors of Dr. Fischer Dental and holds over 74% of the company’s share capital through the company Dr Fischer and Partners SRL.
(English version by Catalina Apostoiu)