Under the partnership agreement, Raiffeisen Bank International AG will deliver market making services and will provide research coverage on ONE stock. Moreover, Raiffeisen Bank International’s affiliate Raiffeisen Centrobank AG will also launch four structured products – two turbo certificates and two warrants with ONE shares acting as underlying.
For the market making services, the minimum volume corresponding to the firm bid-ask quotes provided by Raiffeisen Bank International will be 100,000 shares, with the maximum spread between the bid and ask being 1.75%. Raiffeisen will deliver the market making services during a minimum of 70% of a trading session. The market making services will be launched in the first week of 2022.
Raiffeisen Bank International is the second market marker for One United Properties, as the latter already benefits from these services delivered by BRK Financial Group.
One United Properties is the third largest entrepreneurial company listed on the main market of the Bucharest Stock Exchange. Its shares debuted on the Bucharest Stock Exchange on July 12, 2021, following an Initial Public Offering (IPO) within which the company raised RON260 million. On September 20, 2021, ONE shares became part of the BET index of the Bucharest Stock Exchange. The BET index tracks the performance of the most liquid shares on the local capital market and includes 19 companies.
On November 20, 2021, FTSE Russell announced that ONE shares would be included in the FTSE Russell index for emerging markets, FTSE Global All Cap.