Luxembourg, Luxembourg Dec 29, 2022 - Daniel Greenwood, Chief Investment Officer, and Steven Alain Lawrence, Co-Manager of Balfour Capital Group (BCG) are pleased to announce the intent of the Firm to go public during the last quarter of 2023.
The company and its subsidiaries will list its shares on the Frankfurt Stock Exchange. The firm meets all the financial requirements for a Prime Standard - which is defined as a bank or financial services provider with a minimum capital of €730,000. The firm has various options including listing directly or via a SPAC (Special Purpose Acquisition Company).
Balfour Capital Group is also in the active process of choosing the proper "Capital Market Partner“ who is accredited with Deutsche Börse AG. The firm will make a final decision on the Book Runner / Underwriter by the second quarter of 2023.
Balfour Capital Group has appointed the proper Auditors to seamlessly execute the transaction on a timely basis.
Balfour Capital Group will raise €25,000,000, and the use of proceeds will be deployed as follows:
- the firm currently has no debt, and it intends on acquiring small to medium investment advisory groups primarily in the EU, Australia, Vietnam Singapore, and India
- the firm belief is that advisors need access to world-class research and high-frequency trading at a low cost with superb ongoing education
- the firm intends to acquire additional server space on all the major exchanges globally (Every millisecond counts when executing trades globally, speed is crucial to superior results.
In addition, Balfour Capital Group will also be executing a bond offering of €10,000,000 on the Gibraltar Stock Exchange.
Such a bond offering has the purpose to satisfy those investors who seek yield and will carry convertible preferred share rights.
The bond and stock offering will be executed simultaneously.
Balfour Capital group is currently assembling a best-in-class Advisory Board, with various backgrounds and affiliations. The range is top-notch entrepreneurs, psychologists, Executive Recruiters, and Consultants whose core focus is talent and people development as well as academics who specialises in macroeconomics and maths.
Balfour Capital Group will continue to update the market - by way of further press releases - on the progress towards the above milestones.
Media Contact:
Mellisa Clarke
Balfour Capital Group
23 BLVD Royal 2449, Luxembourg
support@balfourcapital.com
44 20 3833 1755