One United Properties (ONE), a real estate developer of high-end residential projects in Romania, has benefited since January 3, 2022 from Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank.
It is the second IMM provider for ONE shares, after BRK Financial Group launched similar services in August 2021. One United Properties went public on the main market of the Bucharest Stock Exchange in July last year, following an initial public offering that attracted RON 260 million from capital market investors.
One United Properties is also the fifth Romanian company included in the FTSE Global All Cap Emerging Markets indices, as of December 20, 2021. The market capitalization of the company amounts to 3.3 billion RON (668 million euros) .
“Since our beginnings at the Bucharest Stock Exchange, we have paid the utmost attention to liquidity because, alongside high-level corporate governance, it is the key criterion followed by global institutional investors. We are delighted that starting today, One United Properties is benefiting from issuer market making services provided by two brokerages. As we see an increase in capital inflows from foreign investors, we continue to prioritize ensuring high liquidity that can support the entry of large investors into our shareholding. In this context, we look forward to a fruitful collaboration with Raiffeisen Centrobank, which will also provide ONE with research coverage and launch four structured products with ONE stock as the underlying., said Victor Capitanu, co-CEO of One United Properties.
“I am pleased that we are starting 2022 with news related to market liquidity, to further underline our vested interest in reviving trading activity. We want a much more liquid market, to the benefit of investors and issuers, and I hope that in 2022 we will see a positive development in trading. The level of liquidity of the ONE stock had a considerable influence on the decision to include it in the BVB and FTSE Russell indices. I hope that this year, more and more companies will join this program to support the liquidity of their shares., said Adrian Tanase, CEO of the Bucharest Stock Exchange.
The Issuer’s Market Maker activity will be exercised by Raiffeisen Centrobank on the basis of a contract. ONE share is the fourth financial instrument for which the Raiffeisen Centrobank team offers the services of Issuer Market Maker.
The total number of financial instruments listed on the Bucharest Stock Exchange that benefit from the Issuer’s Market Maker program is 18 (including 17 shares and one bond issue). ONE share is the second with two IMM suppliers, next to Purcari Wineries (WINE).