UBB Asset Management attends the first day of trading the shares of the Bulgarian company Allterco at the Frankfurt Stock Exchange
03 Decempber 2021
On 22 November 2021 the Bulgarian producer Allterco launched the trading of its shares at the biggest capital market in the European Union - the Frankfurt Stock Exchange. As a token of support for the Bulgarian stock market, UBB Asset Management received an invitation to attend the official ceremony for start of the trading session.
This year UBB Asset Management was among the most active participants in the initial public offerings (IPOs) and the trade on the Bulgarian Stock Exchange. Given that SOFIX is among top performing indices this year, such a strategy has proven quite beneficial for investors in Bulgarian funds.
Allterco is the only Bulgarian company with a direct double listing on a foreign regulated market: the company’s shares can be purchased and sold both on Sofia and Frankfurt Stock Exchanges. The Bulgarian company, leader in terms of design, production and distribution of high quality IoT products, has 20-year experience in the industry and distributes its products on more than 100 markets worldwide. The company is a public one and is being traded on the Bulgarian Stock Exchange since 2016.
„For us it was a unique opportunity to attend the ceremony. The first listing of a Bulgarian company on this continent’s biggest financial market is a historical event. We wish Allterco ever greater success and hope to witness similar achievements of other Bulgarian companies as well. UBB Asset Management will continue supporting the Bulgarian stock market and the local public companies.", shared Ivan Dimitrov, Portfolio Manager at UBB Asset Management, during the event.