The parent company of CT Interactive, Telematic Interactive Bulgaria AD, has gone public, with trading in its shares starting on the Bulgarian Stock Exchange on March 22nd.
The online gaming company entered its local exchange following a successful initial public offering (IPO) in February. The company’s shares are listed as ticker ‘TIB’.
Manyu Moravenov, Executive Director of the Bulgarian Stock Exchange, said: “We welcome Telematic Interactive Bulgaria onto the Bulgarian Stock Exchange and appreciate the company’s motives for becoming public, namely the pursuit of full transparency and a declared desire to show that the gambling business is open and socially responsible, creating trust among market participants.”
“The debut of the company on the Stock Exchange is a milestone in our development,” added Lachezar Petrov, CEO of Telematic Interactive and CT Interactive. “The listing is a testament to our long-term development plans to expand the horizons of the company, a prerequisite for achieving even better results.”
The funds raised by Telematic Interactive Bulgaria will be invested in the company’s expansion into new global markets.