The Max-I company, owner of Sofia hotel Maxi Park Hotel and Spa, plans to launch an IPO (Initial Public Offering) of 15 per cent of its stock on the Bulgarian bourse in a bid to raise fresh resources for its 5-year 30 million euro investment programme.
News agency SeeNews reported the development late last week, citing a company official and IPO lead manager, Encouragement Bank.
The company could list either new shares or old shares or mix the two, placing 5 per cent of old shares and adding 10 per cent in new shares, executive director Angel Gekov told SeeNews
A December 31 general meeting of the company will vote on a proposal to  raise capital from 9.7 million to 75 million leva.