The company’s shares started trading on the Main Market of Bucharest Stock Exchange, under the symbol ONE, on July 12th.
- The initial public offer (IPO) took place between June 22nd and July 2nd, and the company raised RON 260 million (EUR 52.8 million) from active investors in the capital market. The funds will support One United Properties’ development strategy.
- One United Properties becomes the third largest Romanian entrepreneurial company listed on the Bucharest Stock Exchange and enters the top 10 listed companies, according to the IPO market capitalisation.
“We enter a new chapter for our company, after a great IPO which we successfully completed with remarkable results and with the confirmation of the investors’ trust in our future plans. We thank them one more time. Over the years, we have developed a dynamic and transparent relationship with local and international investors, who have confirmed the potential that our company has in the Romanian real estate industry. We now mark a new beginning for One United Properties on the capital market, a new step that honours us and, at the same time, makes us continue the efficient development of the company. Our goal is to further deliver results, but also to be a liquid issuer and remain open to new investors as well. The Bucharest Stock Exchange has proven to be an excellent financing support for local companies. We believe in the potential of our capital market, and we want to take the opportunities of the listing in order to accelerate the Group’s strategy investments in sustainable premium developments in exclusive areas of Bucharest and other regions”, said Victor Capitanu, co-founder of One United Properties.
“We operate in an industry where excellence is achieved through determination, precision, principles. Our approach is based on a new vision on the idea of living, on emblematic and sustainable real estate concepts integrating the latest technologies and an exceptional interior design, with a focus on quality, but also on cultural elements, and this helped us grow fast but organically and keep up with international trends. One United Properties still has a lot to say on the Romanian real estate market and our intention is to continue to innovate and develop sustainable concepts. We have a solid team of professionals in the field that is able to further continue the company’s development plans, and the market is indeed attractive and has a high potential”, added Andrei Diaconescu, co-founder of One United Properties.
”The success of the IPO and One United Properties listing shows us once again the capital market growth potential and the capacity of the stock exchange to support Romanian entrepreneurial companies. Today, One team begins a new chapter in the development of the company, a journey that has been remarkable so far. We are glad that One chose the stock exchange and the investors from the capital market to finance itself, after an IPO that brought in the company RON 260mn. Every amount of money invested by the institutional or retail investors is like a confidence vote in your team, in your plans, in One strategy. Respect it and continue to build! Welcome to the listed companies’ community!”, said Radu Hanga, President of the Bucharest Stock Exchange.
The IPO was carried out between June 22nd and July 2nd and was oversubscribed in both tranches, for institutional and retail investors. Investors proved a considerable interest in the company from the first day of subscription when the retail segment with allocation guaranteed was subscribed within the first 40 seconds. The IPO and the listing were assisted by BRK Financial Group (through Razvan Rat, Deputy General Manager), while Swiss Capital (through Bogdan Juravle, General Manager) was part of the distribution group. Filip & Company (through Alexandru Birsan, partner, and Olga Nita, partner) was the legal advisor for the public offering and listing.
All residential projects developed by One United Properties have received the green certification from Romania Green Building Council, while the office projects in the developer’s portfolio are certified or in the process of WELL and LEED PLATINUM certification, one of the most demanding certifications regarding a building’s impact on the environment and its performance. The Group’s strategy aims to maintain the leading position on the market of premium residential and mixed-use real estate projects, to continue the evolution of the office projects, and to invest in sustainable premium development opportunities in exclusive areas of Bucharest, but also in other regions of the country.