Business Forum • 26 November, 2025 at 3:40 PM
Cris-Tim Family Holding debuted today on the Bucharest Stock Exchange's (BVB) under ticker CFH, becoming the first food industry company listed on Romania's main market. The company completed an IPO worth €89.3 million in late October.
The IPO generated strong investor demand, with retail investors oversubscribing 42 times initially and 32 times after a 5% reallocation from institutional investors. More than 8,000 retail investors participated alongside institutional investors including the EBRD. Following the offering, Cris-Tim received €78.1 million in capital infusion to finance investment plans for 2025-2030.
"Cris-Tim Family Holding's entry onto our market is a victory for a family-owned company and for the capital market," said Remus Vulpescu, CEO of the BVB. The listing marks a turning point for the Romanian capital market by welcoming companies from sectors beyond traditional energy and finance.
Founders Radu and Cristina Timiș retain 65.49% ownership through Rangeglow Limited, while the company's free float stands at 34.48%. Market capitalisation at the IPO price of RON 16.5 per share amounts to €261.3 million. "The stock exchange listing has always been an aspiration, and today this objective has become reality," said CEO Radu Timiș Jr.
Founded in 1992, Cris-Tim operates three factories with combined capacity of 215 tons per day and holds leading positions in Romania's cold cuts and ready-meals markets. The company plans investments worth €175 million through 2030 and exports to 17 European countries.
The shares were trading at RON 17.4 during the afternoon on the BVB.