New exit someone’s Alicante firm inside BME Growth, the Spanish Stock Exchange for expanding companies. chain of cafes Vanadi Coffee – also promoted by the president Intercity and founder of the tech company Facephi, Salvador Seagulland hospitality entrepreneur Vincent Terol– explained It will start trading on Thursday, July 20.having spent the last six months in what is known as the pre-market environment.
It will thus be the first Spanish cafeteria chain to go public, at a price of 3.28 euros per share. 20.1 million euro capitalization. A price that matches the price determined in the valuation report by Gesvalt.
Vanadi Coffee’s aim, as explained by its managers, is to offer a modern cafeteria concept at affordable prices and with a focus on healthy eating. in areas where big brands don’t care much Take advantage of economies of scale to compete with traditional cafeterias – such as the neighborhoods of major cities – and with vehicles often out of reach.
at the moment already They have ten open cafeterias In Alicante and its business plan is showing rapid growth, first in the Levante region and then at the national level. Currently, they have marked for this year The goal of closing the year with 25 businesses. An expansion based on organic growth, that is, they intend to realize through their own cafeterias.
Prior to its release, Vanadi It has already raised around five million euros in capital. in different funding rounds. He also signed an agreement with the Dubai fund. Alpha Blue Oceanwho has committed to inject another ten million euros to finance this expansion.
The first two million will be received on the day it is listed – listing was a requirement of the deal, as explained by the firm – and the remainder will come in regular contributions, ensuring a sustained opening. rate should be maintained.
Vicente Terol, Vanadi’s CEO, said, “The IPO represents a very important milestone for us, because we new opportunities for growth and developmentThe executive also highlighted the deal with Alfa Blue Ocean, which he says is “a testament to the confidence that investors have in our vision and the potential of our company. It provides us with a solid financial foundation that ensures our company’s solvency and continued success.”
Orbit
Founded in November 2021, the chain is the new project of Salvador Martí, who already has a considerable background. Experience in bringing your companies to market. Martí is co-founder with Javier Mira. technology facebook, specializes in software development for authentication via digital channels. A company that started trading at BME Growth in 2014 and today counts dozens of banks worldwide as its clients.
But the Alicante businessman wasn’t content with that and later supported the initial public offering of a Spanish football team. Intercityin 2021.
In this new project, Martí teamed up with Vicente Terol, a businessman with extensive experience in the hospitality industry, to launch his new opening. As the businessman himself has explained on several occasions, his aim is to replicate the Starbucks model in the United States in Spain; Here, besides its presence on the main streets of cities, its real strength is its neighborhoods and residential areas. Therefore, Marty Vanadi’s main rival not other chains, but traditional bars and cafes.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.