Bosqar Invest has completed a €150 million capital raise, marking the largest secondary public offering ever conducted on the Croatian capital market. Investor demand significantly exceeded the targeted amount, with subscriptions reaching nearly €178 million during the offering period between June 1 and June 15.
As the company had capped the issue at 5.89 million new shares, Bosqar ultimately allocated 5.88 million shares at a final price of €25.50 per share. The transaction generated almost exactly €150 million in fresh capital.
The offering attracted 5,453 retail investors alongside 26 institutional investors, highlighting strong market confidence in the company’s growth strategy. Following the transaction, Bosqar’s share capital increased from €15.64 million to €23.45 million.
“We are extremely pleased with the outcome of the offering. This transaction sets a new benchmark for the Croatian capital market and represents the largest capital increase ever completed in the country,” said Bosqar Management Board President Darko Horvat.
The newly issued shares are expected to begin trading on the Zagreb Stock Exchange in early July.
