The owner of the Bezvavlasy company, the listing of their shares on the market START, the stock exchange took place until 12:00 today, decided with regard to the duration of the listing, with a minimum price of 490 K/share, that they would not sell the entire range of 300,000 shares at this price, but the maximum 230 thousand a piece of action. Such a step is allowed by the rules of the writing, and the founder, according to his words, wanted to give space to the investors to adjust their orders in roughly the last hours of the writing. According to the price agreed upon by the founder of the company for the above mentioned 490 crowns per share, therefore, at the lower price reached as a result of the writing, he wants to sell a maximum of 300,000 shares.
“The company Bezvavlasy a.s. has legalized the public offering of its shares (IPO) today. The company’s shares will be traded on the 7th of 2022 at a price of K 490 per share. A total of K 112,700,000 was received from investors,” the stock exchange said.
“In addition to the investment, we thank you for the interest shown so far in the company’s shares, when the demand reached the lowest price of 105% of the offered amount, i.e. 314 thousand shares. Our ambitions, at which price to subscribe for the shares, were, however, closer to the upper price range . We understand that in view of the current negative sentiment on the market, this target is unfair. We have therefore decided to use the option not to sell the entire offer of shares, which allows us the prospectus of the public offering. At the bottom of the price levels, we intend to sell a maximum of 230,000 shares. This is 77% of the original purchase volume,” said the founder of the company Ale Hudeek and Frantiek Novotnv from the press, provided before 11 o’clock.
“We know that the real value of the company is in fact no more than 490 crowns per share. That is why we intend to keep the remaining shares for the long term. We are announcing the information in advance so that investors can adjust their orders as we see fit. Thank you for your understanding,” they added in communicated by the press a moment ago.
View into order books in the last hours, it showed the true position of investors against the maximum demand of 314,000 shares.
The Starteepo funds decided to reduce their own orders, while the reduction of other retail investors’ orders is limited. “The fund is asking for +170,000 shares (74% of the issue). We have decided to cut the offer on the part of the owner. We will proportionally reduce the volume requested by them. We now intend to subscribe and then sell +110,000 shares. It is also in our interest. so that the small investor is not squeezed so much,” said Starteepo from the point of view of one of the leading investors and advisers in the transaction.
The result of the whole writing
“The company Bezvavlasy as today legalized the public offer of all its shares (IPO). The trading house with the company’s shares will be extinguished on the 7th of 2022for the price CZK 490 per share. A total of 112,700 thousand was received from investors. K,” the stock exchange summed up in an official statement.
The general offer and 30% of the offer took place from August 18, 10:00 a.m. to 12:00 p.m. on August 1, 2022, in the form of a letter on the START crack stock market. A maximum of 300,000 shares were offered in the price range of 490 and 630 crowns per share at a quotation step of 10 K and a lot of 40. As the exchange should still confirm, the product will start trading on the START market on Wednesday 7th of 2022 under ISIN CZ0009011920 and ticker BEZVA.PR.
Investor and stock exchange investor Jaroslav ura, who also invests in the public offering, buys a total of 33,000 shares in the non-public offering and 5% of the company’s shares at a price of K490/share. The Bezvavlasy company caught my attention right away for several reasons. Robust crop growth, high profitability, sunny weather. Regarding the orange indicator, it seems that it is a value company, but it is clearly growing. An attractive valuation is suitable. The rapidly growing e-commerce sector is for me and Bezvavlasy will be an ornament of my portfolio together with Pilulka, commented investor Jaroslav ura on his part in the IPO. “I’m sorry for the management’s decision, but I completely understand it. The negative sentiment spread to all parties and every owner was the worst,” Ura commented on his Twitter page today.
16,000 shares were bought in a non-public offering by the STARTEEPO Invest fund, for which Frantiek Bostl is the advisor in the transaction. One thousand pieces of action then Jaromr Muchka. He spent about a year in the role of CEO of the company, which he first joined after the expansion and development of online channels and communication.
They are hairless the second largest online seller of hair cosmetics in Esk. The company specializes mainly in the distribution of professional hair cosmetics for hairdressers, as well as retail clients.
The main purpose of writing share and receive a pension from investors is to support the future expansion of the company by entering the stock market and thus gain the attention of the public in the Czech Republic and prestige abroad. At the same time, the proceeds from the sale of shares in the amount of 25.1 million crowns will be provided back to the company in the form of outstanding shares.