Portfolio Stock Exchange (Portfolio SE), the European stock exchange, has confirmed the listing of Oronis Inversiones Socimi on the stock market under the symbol ORNS. The initial listing price of the shares has been set at 8.91 euros, giving the company a total valuation of 47,895,295 euros.
In the IPO process, Oronis Inversiones has been advised by BDO Abogados, acting as Legal Trusted Partner. The team was led by Ángel Vizcaíno, partner of the firm, and Alice Zuliani, senior lawyer.
Oronis Inversiones Socimi is dedicated to the rental of properties for short and long term stays, managing a portfolio of 18 properties, which includes three individual villas and 16 apartment buildings, with configurations ranging from one to four bedrooms, located in Madrid and Vizcaya. In addition, the socimi owns 208 homes, 38 parking spaces, 21 storage rooms, four commercial premises, two offices and a hotel.
Santiago Navarro, CEO of Portfolio Stock Exchange, said: "We would like to thank the Oronis team for their confidence in us. The fact that investors with more than 35 years of experience since its foundation and the volume of assets they manage have placed their trust in us further reinforces our message to the market. September has been a very active month and in the coming weeks we will continue to welcome new listed companies". With this latest addition, there are now 12 companies listed on Portfolio SE with a total capitalisation of over €890 million.