Following the subscription period, the company sold 175.2 million shares to investors, at a price of RON0.1 per unit, within deals amounting to RON17.5 million
The company was planning to sell 181.2 million IORB ordinary, nominative, dematerialized shares, which means it attracted 96.66% of the targeted amount. A total 13 shareholders excercised their subscription right and Prime Transaction brokered the issuance.
IORB shares have gained 173% so far in 2023 amid deals worth just RON57,000. The company is 96.58%-owned by the Romanian State and has a market capitalization of RON78.4 million. IOR had a market value of RON32 million on July 10.
IOR Bucuresti ended the first quarter of 2023 with a net loss of RON1.05 million, higher than the RON673,300 loss reported in the same period of 2022, and sales revenue of RON2.6 million, down 22.8% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s quarterly financial report.