ELANA Agrocredit was awarded by the Bulgarian Stock Exchange for the best IPO in 2013

On 9 January 2014 the Bulgarian Stock Exchange awarded public companies and brokers with its traditional annual prizes for achievements and contribution to the local stock market.

ELANA Agrocredit was awarded for the best IPO in 2013 with a prize for significant contribution to the development of the Bulgarian stock market in 2013. The same prize was given also to the public company Speedy for its successful SPO. Both companies were named “the first birds of spring” since their public offerings paved the way to the recovery of investors’ interest to the local market.

ELANA Agrocredit IPO was held from 11 September 2013 to 10 October 2013 and the result was a raised capital of BGN 4 415 435. For the last 3 years the raised funds via IPOs on the local market do not exceed BGN 352 000.

The Bulgarian stock market in 2013

The Bulgarian Stock Exchange wrapped up 2013 with approx. BGN 10 bln. market capitalization and BGN 1.52 bln. turnover, which represents an increase of over 76% compared to 2012. The main index SOFIX registered 42.28% rise. stepping ahead of all indices in CEE region. Among global indices the Bulgarian stock market is ranked 7th by growth in the world.