Telematic Interactive Bulgaria AD, the parent company of CT Interactive, went public and the trading with its shares has started on the Bulgarian Stock Exchange as of Tuesday, March 22.
The online gaming company set a foot on its local stock exchange after a successful initial public offering (IPO) in February. The company’s shares are listed on the Bulgarian Stock Exchange, ticker TIB.
“We welcome Telematic Interactive Bulgaria on Bulgarian Stock Exchange appreciating 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,” stated Manyu Moravenov, Ph.D. executive director of Bulgarian Stock Exchange.
“The debut of the company on the Stock Exchange is a milestone in our development. The listing is a testimony of our long-term development plans to expand the horizons of the company, which is a prerequisite for achieving even better results”, added Lachezar Petrov, CEO of Telematic Interactive and its subsidiary CT Interactive.
The funds raised by Telematic Interactive Bulgaria will be invested in the company’s expansion on new markets globally.