One United Properties intends to raise up to 100 million euro in equity from investors in a share capital increase operation, the targeted value being almost double the amount attracted in last year's IPO preceding the company’s listing on the Bucharest Stock Exchange.
Victor Căpitanu, co-founder and co-CEO of One United Properties, discussed this topic during a live interview for ZF Live.
"In 2017 we strategically decided to capitalize the company by raising third-party capital, using these investments to create a strong platform for real estate development. Since then, we have made 4 capital increases, the fourth being with the listing on BVB last year. We are now celebrating one year since the company was listed. (...) At the moment we have already raised over 100 million euros",
said Victor Capitanu.
From June 27, 2022, until July 26, 2022, investors can subscribe to the largest share capital increase in the history of the Bucharest Stock Exchange for a Romanian entrepreneurial company: 330 million new shares issued at the maximum price of 1.42 lei per share, about 470 million lei (95 million euros), for the real estate developer One United Properties (ONE).
"For One United Properties, revenues in the residential segment have risen above market level and we have thus been able to offer our shareholders a record net margin of 36%. This year, we are facing a good opportunity to continue expanding our land portfolio, which will help us provide stakeholders with consistent revenue in the years to come. Consequently, we are ready to approach the market and get new equity from investors on the Bucharest Stock Exchange",
Victor Căpitanu added.
The full interview here.