Cafeteria chain from Alicante Vanadi Coffee opens with falls BME Growth, the Spanish Stock Exchange for expanding companies. The project introduced by the president of Intercity, Salvador Seagulland hotelier Vincent Terol scored a goal 8.54% decrease on the first day of listing, when its shares closed at 3 euros, compared to the initial price of 3.28.
representing a decline 1.8 million capitalization loss reached 18.3 million in one day, which contrasts with the good reception received by Cox Energy from Enrique Riquelme, the last company to enter this market, and Alicante, which increased its value by 25% on its first day. As such, we’ll have to wait to see if investors will trust the business plan of Vanadi, which has made history as the first Spanish coffee shop chain to be listed anyway.
In addition, it should not be forgotten that it is the third company to be launched with the encouragement of Salvador MartÃ, after the technology company FacePhi, which entered the Spanish Stock Exchange in 2014 and currently has a capital of over 46 million Euros, and Intercity, the first Spanish football club to enter the list with a market value of around 2.5 million.
During the traditional ringing of the bell that accompanies a firm taking its first foray into the stock market, MartÃ, as he reassured, revealed some details of his business plan, which was launched to raise capital for its expansion to avoid debt. Specifically, the chain expects to close this year with: 25 establishmentsit expects to double next year when its forecast points to a point 15.6 million Euro turnover.
“One of our added values ​​is that we have more local productswe differentiate it with its own workshop and adapt it to every city. We don’t just want to be in ‘premium’ domains He insisted that Vanadi reaches out to any citizen in the surrounding neighborhoods as well as in the cities.”
For his part, the chain’s CEO, Vincent Terol“Listing on BME Growth gives us the development and growth opportunities we’re looking for,” he assured.
The company aims to modernize the cafeteria concept with healthier products and greater commitment to technology. His ultimate goal is not to compete with Starbucks—although he intends to copy that company’s model in the United States— traditional cafes and bars from the neighborhoods of cities.
Before going public, the firm had raised around five million euros in different funding rounds. Also closed Deal with Dubai Alfa Blue Ocean fundpromised to inject another ten million euros to finance its expansion.
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.