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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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Romanian electronics producer Allview raises EUR 3.1 mln in private placement and will list shares on BVB

Romanian company Visual Fan, which produces electronic devices such as smartphones, smart TVs, and smart home solutions under the Allview brand, raised RON 15.5 mln (EUR 3.1 mln) in a private placement of shares on Friday, April 23.

The placement, managed by local brokerage firm Tradeville, was over six times oversubscribed as investors placed orders worth RON 99.2 mln (EUR 20 mln). The minimum subscription was 1,100 shares or RON 121,000 (EUR 24,600).

The company put up for sale 111,100 newly issued shares at a price of RON 110 to RON 140. The final price of the transaction was set at RON 140, resulting in an overall valuation of RON 155 mln (EUR 31 mln).

The next step is the company’s listing on the Bucharest Stock Exchange’s AeRO market, where the Visual Fan shares will trade under the ticker ALW.

Founded in 2002, Visual Fan has launched over 100 mobile phone models under the Allview brand, as well as 30 tablet models and ten laptop models. The company also sells Android TVs and had a market share of about 5% of the TV set sales in Romania in 2020.

Visual Fan produces its devices in China and sells them in Romania and over ten other European countries, including Germany and Poland.

In 2020, the company reached a turnover of RON 405 mln (EUR 83 mln), mainly due to COVID-19 related imports from China, such as face masks. Its recurring revenues stood at RON 103 mln (EUR 21 mln), up by 19% compared to 2019. The company’s net profit amounted to RON 22.3 mln (EUR 4.57 mln), of which the net profit from recurring activities was RON 7.04 mln (EUR 1.44 mln), up four times compared to 2019.

The company’s founder and majority shareholder is local entrepreneur Lucian Peticila.

editor@romania-insider.com

(Photo source: the company)

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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
 

Romanian electronics producer Allview raises EUR 3.1 mln in private placement and will list shares on BVB

Romanian company Visual Fan, which produces electronic devices such as smartphones, smart TVs, and smart home solutions under the Allview brand, raised RON 15.5 mln (EUR 3.1 mln) in a private placement of shares on Friday, April 23.

The placement, managed by local brokerage firm Tradeville, was over six times oversubscribed as investors placed orders worth RON 99.2 mln (EUR 20 mln). The minimum subscription was 1,100 shares or RON 121,000 (EUR 24,600).

The company put up for sale 111,100 newly issued shares at a price of RON 110 to RON 140. The final price of the transaction was set at RON 140, resulting in an overall valuation of RON 155 mln (EUR 31 mln).

The next step is the company’s listing on the Bucharest Stock Exchange’s AeRO market, where the Visual Fan shares will trade under the ticker ALW.

Founded in 2002, Visual Fan has launched over 100 mobile phone models under the Allview brand, as well as 30 tablet models and ten laptop models. The company also sells Android TVs and had a market share of about 5% of the TV set sales in Romania in 2020.

Visual Fan produces its devices in China and sells them in Romania and over ten other European countries, including Germany and Poland.

In 2020, the company reached a turnover of RON 405 mln (EUR 83 mln), mainly due to COVID-19 related imports from China, such as face masks. Its recurring revenues stood at RON 103 mln (EUR 21 mln), up by 19% compared to 2019. The company’s net profit amounted to RON 22.3 mln (EUR 4.57 mln), of which the net profit from recurring activities was RON 7.04 mln (EUR 1.44 mln), up four times compared to 2019.

The company’s founder and majority shareholder is local entrepreneur Lucian Peticila.

editor@romania-insider.com

(Photo source: the company)

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