MADRID, 24 May. (EUROPA PRESS) –
The digital stock exchange Portfolio Stock Exchange announced this Friday the incorporation into trading with immediate effect of the Socimi Atolón Capital Partners with a valuation of 40 million euros.
The operator, which has authorization from the National Securities Market Commission (CNMV), has explained in a statement that the board of directors of Atolón has taken a price of 2.21 as a reference for the start of trading of the shares. euros per share, which implied the aforementioned valuation of 40 million.
Atolón, which will be listed under the ticker ‘ATLN’ and has been advised on the stock market debut by the legal firm Pinsent Masons, is a company dedicated to residential investment focused on rentals to students and young professionals.
Currently, the SOCIMI (listed real estate investment company) has a portfolio of almost 400 rooms located in Madrid, while the stated short-term objective is to expand the business to 1,000 rooms and leverage it to reach 50 million euros. .
On the other hand, Atolón has a close relationship with Orienta Capital, a wealth management entity belonging to the Mutua Madrileña insurance group and one of the promoters of the project.
The councilor of Atolón and director of MadridEasy, Álvaro Blázquez, has stated that the operation is “a crucial step” towards the objective of expanding the offer of accessible accommodation for students and young professionals.
For his part, the head of the alternative investment area of Orienta Capital and advisor to Atolón, Luis Miguel Corral, added that “this milestone not only reflects the strength and growth potential of Atolón in the residential market aimed at students and young people. professionals, but also underlines Orienta Capital’s commitment to alternative investments and the real economy.
Regarding Atolón’s stock market debut, the CEO of Portfolio Stock Exchange, Santiago Navarro, pointed out that it is “a great sign” that its model reinvents the capital markets and that clients value it.