In the IPO, the company raised proceeds of RON 121.8 million (€23.2 million), which will be used for mergers and acquisitions, investments in technology and digitalisation, operational capacities, working capital optimisation and brand development. 

Founded in 1997, Christian Tour has evolved from a travel agency into an integrated tourism platform, owning the largest travel agency network in Romania with 63 branches serving over 365,000 tourists annually. At the IPO price of RON 1.895 per share, the market capitalisation stands at RON 410 million, with a free-float of approximately 37.4%. The significant shareholder, holding 61.95%, is CPM Cambridge Holding, wholly owned by Founder and CEO Cristian Pandel.

"With this listing, tourism finds its place on the Exchange's board. Every entrepreneurial company that chooses the capital market confirms the Exchange's role as a bridge between the ambition to grow and investor confidence," stated Remus Vulpescu, CEO of the BVB. "With the capital raised through the IPO, we are positioned to lead the transformation of the Romanian tourism market through investments in technology and strategic acquisitions," stated Pandel.

BT Capital Partners acted as the sole intermediary for the listing. "The success of this exercise confirms that investors are ready to support entrepreneurial companies, leaders in their sectors. A defining element was the complementary participation of institutional and retail investors," said Daniela Secară, CEO of BT Capital Partners. The law firm Filip & Company provided legal advisory services, while Cornerstone Communications managed investor relations.