GO’s BMIT enters bourse after IPO

The building of the Malta Stock Exchange in Valletta. (source: Wikimedia Commons/Frank Vincentz)

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BMIT Technologies Plc, a subsidiary of GO Plc, was formally listed on the Malta Stock Exchange on Friday, after an initial public offering (IPO), during which institutional and general investors subscribed to close to 99 million shares valued at approximately €49m, according to a press statement issued by GO.

“We are truly humbled by the unwavering support and confidence shown in the company. The response to this offering was as overwhelming as it was encouraging, and an affirmation of our ongoing commitment to ensure that our investments bring more value to all stakeholders, in particular, our shareholders,” said Nikhil Patil, CEO of GO Plc, in a company announcement issued earlier that week.

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“This is another milestone in GO’s success story which reflects a forward-looking organisation that is building its future growth on strategic investments,” added Mr Patil. “Such processes allow us to reinvest in areas that will create greater value, both for our shareholders and customers, and ultimately, the economy as a whole,” he concluded.

BMIT Technologies Plc commenced its trading activity on the main regulated market of the Malta Stock Exchange on Monday, under the BMIT ticker symbol.