The company is to take all the necessary steps to list its shares on the multilateral trading system (MTS) operated by the Bucharest Stock Exchange, on the alternative trading system AeRO, under the ticker symbol ALW. The listing will be assisted by TradeVille as licensed consultant.
On March 15, 2021, Ziarul Financiar (ZF) announced that Visual Fan was getting ready for a listing on the Bucharest Stock Exchange via a private placement.
Visual Fan issued 111,100 shares (ticker symbol ALW), and the minimum subscription in the offer reaches 1,100 shares, respectively RON121,000. The subscription price in the offer ranged from RON110 per share to RON140 per share. The final price set in the offer was RON140 per share.
The private placement saw subscriptions for 713,880 shares and their total value reached RON99,219,450, with the offer being oversubscription more than six times. Most subscriptions in the private placement were carried out online on trading platform TradeVille.
Established in 2002, Visual Fan has launched over 100 mobile phone models, 30 computer tablet models and ten laptop models. Products under the Allview brand are sold in over ten countries, including Germany, Poland and the Baltics. The company has developed solid partnerships with leading Chinese producers over the last 15 years.
In 2020, Visual Fan had a turnover of RON404.76 million of which RON102.99 million came from recurring activities, higher than RON86.46 million in 2019, and a net profit of RON22.28 million, of which RON7.04 million came from recurring activities, almost four times higher than in 2019.