The Bucharest Stock Exchange (BVB) announced on Monday that ABN Systems International, a Romanian technology company started trading on BVB’s AeRO market under the ABN stock ticker.
„The debut of ABN Systems is the first that follows an initial primary public offering carried out on the AeRO market. The company attracted RON 5.5mln from investors. The capital will be used for the development and expansion of the company,” BVB said according to a press release.
ABN Systems International sold during the IPO, held between December 15, 2021, and January 4, 2022, a total number of 1,059,434 shares for RON 5,18 per share. The IPO and the listing were carried out with TradeVille’s support.
ABN Systems is present in markets in about 30 countries on four continents, and aims to accelerate the expansion of external sales channels, both by entering new markets and by consolidating the current ones.
In the first half of 2021, ABN Systems International recorded a net turnover of almost RON 50mln, an increase of 34% compared to H1 2020. ABN Systems International’s net profit in H1 2021 was RON 2.4mln, more than 8 times higher than the one registered in the similar period of the previous year.
Sales on foreign markets increased by 114% compared to the same period last year, exceeding RON 26mln.