By Alexander Krassimirov
May 20 – Bulgaria’s CSKA Sofia has failed in its bid to become a public company listed on the Bulgarian Stock Exchange. The failed IPO sold only 360,000 shares – the minimum requirement for the club to become publicly traded was 1.4 million. 3 million shares had been released for sale at the nominal price of BGN 3 (€1,5).
CSKA pulls out of public listing as share sale falls flat
