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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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Polish investor lists rainwater systems manufacturer on Bucharest Stock Exchange

Raiko Transilvania, a local manufacturer of rainwater systems founded by Polish investor Tomasz Kurcin, made its debut on the Bucharest Stock Exchange's AeRO market on Thursday, April 8.

”We are thrilled to be finally listed on Bucharest Stock Exchange and to be the first Polish entrepreneurial business that chose the Romanian capital market route. I would like to thank all the investors who believed in our story and who have thus far invested in RKOT shares. We believe that the AeRO market offers an unparalleled advantage that will help us develop our European business at an accelerated pace,” said Tomasz Kurcin, Founder and Sole Administrator, Raiko Transilvania.

The RKOT shares started trading at RON 2.7 and quickly climbed to RON 5 per share, where they stabilized after the first hour of trading. At this price, the company's market capitalization is RON 20.6 mln (EUR 4.1 mln). According to data included in the listing memorandum, Raiko Transilvania recorded a turnover of RON 4.66 mln and a net profit of RON 0,22 mln in 2019. Tomasz Kurcin, together with his wife, owns 53.25% of Raiko Transilvania shares.

The investors who bought shares in the two private placements carried out by the company (in July 2019 and February 2020) multiplied their investment almost fivefold. The private placement price was RON 1.05 per share, and the company raised almost RON 1.9 mln in the two transactions.

TradeVille managed both private placements and the company's admission to trading on the AeRO market as an authorized consultant. TradeVille will continue to assist Raiko Transilvania for the next 12 months after listing to meet investor reporting and information requirements.

Raiko Transilvania's development plans include increasing the market share on the local market for rainwater systems, which stood at around 3.25% in 2019. The company aims to take over part of the distribution network of the Estonian group Ruuki, which exited the market, and increase its market share to 10%. 

In 2021, the company targets a turnover of RON 10.3 mln and a net profit of RON 414,000.

editor@romania-insider.com

(Photo source: BVB)

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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
 

Polish investor lists rainwater systems manufacturer on Bucharest Stock Exchange

Raiko Transilvania, a local manufacturer of rainwater systems founded by Polish investor Tomasz Kurcin, made its debut on the Bucharest Stock Exchange's AeRO market on Thursday, April 8.

”We are thrilled to be finally listed on Bucharest Stock Exchange and to be the first Polish entrepreneurial business that chose the Romanian capital market route. I would like to thank all the investors who believed in our story and who have thus far invested in RKOT shares. We believe that the AeRO market offers an unparalleled advantage that will help us develop our European business at an accelerated pace,” said Tomasz Kurcin, Founder and Sole Administrator, Raiko Transilvania.

The RKOT shares started trading at RON 2.7 and quickly climbed to RON 5 per share, where they stabilized after the first hour of trading. At this price, the company's market capitalization is RON 20.6 mln (EUR 4.1 mln). According to data included in the listing memorandum, Raiko Transilvania recorded a turnover of RON 4.66 mln and a net profit of RON 0,22 mln in 2019. Tomasz Kurcin, together with his wife, owns 53.25% of Raiko Transilvania shares.

The investors who bought shares in the two private placements carried out by the company (in July 2019 and February 2020) multiplied their investment almost fivefold. The private placement price was RON 1.05 per share, and the company raised almost RON 1.9 mln in the two transactions.

TradeVille managed both private placements and the company's admission to trading on the AeRO market as an authorized consultant. TradeVille will continue to assist Raiko Transilvania for the next 12 months after listing to meet investor reporting and information requirements.

Raiko Transilvania's development plans include increasing the market share on the local market for rainwater systems, which stood at around 3.25% in 2019. The company aims to take over part of the distribution network of the Estonian group Ruuki, which exited the market, and increase its market share to 10%. 

In 2021, the company targets a turnover of RON 10.3 mln and a net profit of RON 414,000.

editor@romania-insider.com

(Photo source: BVB)

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