Romanian mobile accessories retailer Contakt plans IPO on BVB’s AeRO market

Contakt, a Romanian mobile accessories retailer operating a nationwide network of 245 stores, has announced plans to list on the AeRO market of the Bucharest Stock Exchange this fall.

Roughly 10% of the company’s share capital will be made available to investors during the IPO, with a gradual increase in free float to 30-40% forthcoming. The funds raised will be used to support the company’s international expansion strategy, improve share liquidity, and prepare for a potential transfer to the regulated market.