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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

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RO BPA firm Connections Consult lists shares 12% below private placement price

After a RON 10 mln (EUR 2 mln) private placement that valued it at RON 74.6 mln (EUR 15 mln) in the summer, the shares of software and BPA solutions producer Connections Consult were listed at Bucharest Stock Exchange (BVB) at a price 11% lower.

Among a risk-averse climate, with the US stock indices 3-4% below highs and imminent rate hikes, investors no longer showed the same bullish sentiment they showed in the case of previous listings on the Romanian alternative market AeRO.

Listed on September 22, the shares of Connections Consulting (CC), specialized in software development and business process automation (BPA), ended being traded at a lower price compared to the private placement concluded in mid-July.

By noon, the company's shares dropped to RON 61.0, 11.6% below RON 69.00 in the private placement. At this price, the company's market capitalization is RON 66 mln (EUR 13.2 mln or USD 15.6 mln).

The price reflects growth expectations for the company, which already has a presence in Bulgaria and Serbia, but aims to expand internationally.

"We are trying to move towards the global market. We plan to open a subsidiary in the United States," says Bogdan Florea, founder and general manager of Connections Consulting, quoted by Profit.ro.

(Photo: Octav Ganea/ Inquam Photos)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

BSE

 

 

RO BPA firm Connections Consult lists shares 12% below private placement price

After a RON 10 mln (EUR 2 mln) private placement that valued it at RON 74.6 mln (EUR 15 mln) in the summer, the shares of software and BPA solutions producer Connections Consult were listed at Bucharest Stock Exchange (BVB) at a price 11% lower.

Among a risk-averse climate, with the US stock indices 3-4% below highs and imminent rate hikes, investors no longer showed the same bullish sentiment they showed in the case of previous listings on the Romanian alternative market AeRO.

Listed on September 22, the shares of Connections Consulting (CC), specialized in software development and business process automation (BPA), ended being traded at a lower price compared to the private placement concluded in mid-July.

By noon, the company's shares dropped to RON 61.0, 11.6% below RON 69.00 in the private placement. At this price, the company's market capitalization is RON 66 mln (EUR 13.2 mln or USD 15.6 mln).

The price reflects growth expectations for the company, which already has a presence in Bulgaria and Serbia, but aims to expand internationally.

"We are trying to move towards the global market. We plan to open a subsidiary in the United States," says Bogdan Florea, founder and general manager of Connections Consulting, quoted by Profit.ro.

(Photo: Octav Ganea/ Inquam Photos)

andrei@romania-insider.com

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