Successful IPO of ITF Group raises fresh new capital

The Income team wants to congratulate ITF Group on its successful initial public offering (IPO) on the BEAM market of the Bulgarian Stock Exchange. 

We are proud to cooperate with a company that has an impressive track record and is now publicly listed on the Bulgarian Stock Exchange. 

We also wish to share with our investors the press release sent out by the ITF Group.

The company’s initial public offering (IPO) on December 7 and 8 was very successful, attracting almost EUR 2.5 million in interest. The company offered 700,000 shares at a value of BGN 4.30 (EUR 2.20) and received 1.6 times the number of orders it expected. ITF Group sold all offered shares, raising the intended EUR 1.5 million. 

“I highly appreciate the investors’ confidence in our company, and I am committed, together with the entire management team, to work towards achieving the set goals so as to justify this confidence,” said Svetoslav Angelov, the owner, and CEO of ITF Group. “I am sure that the best for the company and the investors is yet to come.”

ITF Group is already known to investors through its bond issue in 2019, which was for the amount of EUR 2.5 million with a 7-year term and 10% fixed annual interest. The bond is also being traded on the Bulgarian stock exchange. With its public offering, the company has taken another important step in confirming its transparency and willingness to strengthen investors’ trust further. The funds raised will be used to speed up the company’s growth.

The Income team looks forward to seeing the company grow and thrive. We are happy that our investors and we can contribute to its success in years to come. You can invest in loans originated by ITF on Income and earn interest up to 15% per annum.

The first platform with secured investments in loans with yield up to 15% annually.