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joi, 27 ianuarie 2022 - 14:38
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GoCab Software starts trading on BVB

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The Bucharest Stock Exchange (BVB) announced on Thursday that GoCab Software, a company that develops and operates applications used in taxi services debuted on the AeRO market of BVB under the stock ticker CAB.

BVB stated that GoCab Software is the 22nd company to go public on the stock exchange this year and the listing took place following a private placement and attracted funds worth RON 7.4mln from the capital market investors, according to a press release. 

The private placement related to the share capital increase took place in August 2021 with the participation of 57 individuals and 8 legal entities. During the private placement, 17,278,220 new shares were subscribed at a price of RON 0.43 per share.

The private placement and listing were done with the support of BRK Financial Group.

The funds raised in the private placement will be used, according to the Memorandum, for the development of GoCab applications by automating the processes used in the taxi business, as well as for marketing and promotion plans among drivers and potential customers.