Marco Gasperini, president of Ratio Casa de Bolsa, indicated that between 15% and 20% of the titles of the state telephone company Cantv, were acquired by the company’s human capital
At the end of the public offer period for Cantv’s class D shares, 1,047,243 of the state communications company were placed, reported Marco Gasperini, president of Ratio Casa de Bolsa, structuring agent and main placement agent of these titles in the market.
The data shows that the first placement round of the 39,357,042 shares that make up the public offering of the equivalent of 5% of Cantv, for a total of 1,000,000 shares, recorded a surplus of 47,243 shares, since the company authorized an increase in the number of securities offered due to the strong demand for these papers.
In statements to the portal Banking and Business, Gasperini indicated that the placement was very atomized, because there was an important participation of natural persons and company workers. In this sense, he reiterated that between 15% and 20% of the titles were acquired by the company’s human capital.
“This shows the commitment of the workers to their company,” said Gasperini.
The executive pointed out that all the operations in the Caracas Stock Exchange have already been crossed (BVC), through the special session organized for this purpose. “Therefore, this afternoon (Friday, October 21) all buyers will have their shares guarded in the Caja Venezolana de Valores,” Gasperini pointed out. in the information published by the news portal.
Another element that Gasperini highlighted was the strong participation of investors from the interior of the country, especially from western states and the Andes, even with participation via Zoom. “In general, there was a good reception throughout the country.”
Lack of time and liquidity: limitations
The president of Ratio Casa de Bolsa, Marco Gasperini, pointed out that the result of this first placement round could have been even better, but there was a lack of time and also of liquidity in the market to carry out more operations.
“A relevant element is that serving almost 10,000 company workers is not easy, although all the participating brokerage houses made a significant effort. The demand was great, but there is also the liquidity element,” Gasperini pointed out.
He noted that “there are not enough bolivars in the market”, which, in his opinion, makes it impossible to reach the true growth potential of the stock market in the country.
On the other hand, he said that the meetings have already begun to prepare a new round of placements of class D shares of Cantv, and estimates that it will take place at the beginning of the year 2023.
*Also read: Know the steps to acquire Cantv shares
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