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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. 

 

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

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RO mobile games developer reaches EUR 10 mln capitalization on BVB debut

Romanian mobile game developer Firebyte Games (FRB) reached a market capitalization of RON 49.6 mln (EUR 10 mln) at the end of its first day of trading on the Bucharest Stock Exchange's AeRO market.

The company's shares closed the day at RON 1.41, after opening at RON 1.5 and going as low as RON 1.2 in early trading.

Overall, the investors traded 7.9 million FRB shares, or 22.4% of its total capital, a volume almost equal to the number of shares the company sold in a private placement in February (8.8 mln).

The total value of the transaction reached RON 10.5 mln (EUR 2.14 mln), and the average price was RON 1.33, 2.37 times higher than the price paid by investors in the private placement (RON 0.56 per share).

Firebyte Games develops mobile games in partnership with external partners, based on revenue-share agreements and casual games that it publishes on its own. In 2020, the company recorded operating revenues of RON 1.5 mln (EUR 0.3 mln), an EBITDA of RON 448,000 (EUR 91,000), and a net profit of RON 343,000 (EUR 70,000).

andrei@romania-insider.com

(Photo source: Facebook/Bursa de Valori Bucuresti)

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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 

BVB
 

RO mobile games developer reaches EUR 10 mln capitalization on BVB debut

Romanian mobile game developer Firebyte Games (FRB) reached a market capitalization of RON 49.6 mln (EUR 10 mln) at the end of its first day of trading on the Bucharest Stock Exchange's AeRO market.

The company's shares closed the day at RON 1.41, after opening at RON 1.5 and going as low as RON 1.2 in early trading.

Overall, the investors traded 7.9 million FRB shares, or 22.4% of its total capital, a volume almost equal to the number of shares the company sold in a private placement in February (8.8 mln).

The total value of the transaction reached RON 10.5 mln (EUR 2.14 mln), and the average price was RON 1.33, 2.37 times higher than the price paid by investors in the private placement (RON 0.56 per share).

Firebyte Games develops mobile games in partnership with external partners, based on revenue-share agreements and casual games that it publishes on its own. In 2020, the company recorded operating revenues of RON 1.5 mln (EUR 0.3 mln), an EBITDA of RON 448,000 (EUR 91,000), and a net profit of RON 343,000 (EUR 70,000).

andrei@romania-insider.com

(Photo source: Facebook/Bursa de Valori Bucuresti)

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