Intercontinental International AEEAP made its debut in the main market of the Athens Stock Exchange on Tuesday with the listing of 10,500,000 common nominal shares, the first listing in the main market after two years.
The company completed a share capital increase scheme in cash, becoming the first company to be listed in the market through a private placement. National Securities acted as advisor to the listing.
Panagiotis Aristides Halikias, chairman of Intercontinental International, rung the opening bell of the session.
Socrates Lazaridis, chief executive of the Athens Stock Exchange, welcomed the new listing and wished that the company would be able to exploit the “our international market for its further growth and to offer one more choice to investors. It is the first listing after two years, taking advantage of a new regulatory framework compatible with international practice. In an international and constantly changing environment we welcome the effort of Intercontinental Internaitonal and wish its efforts to become a starting point for further exploiting the main role of the stock market, draining capital by companies of all sizes”.
Halikias said: “We did not expect to be the biggest but we planned to the the best. Today, the company is listed in the Athens Stock Exchange with the biggest annual yield from any other real estate investment company in Greece”.
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