Glissando Garden Center debuts on the AeRO market

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Glissando Garden Center, operating on the Romanian Home & Garden sector, specializing in the trade of flowers, plants, and garden items, debuted today, June 3rd, on the Bucharest Stock Exchange’s AeRO market. This marks the third company to be listed on the stock exchange this year and the second on the AeRO market.

Each company that goes public, whether through an IPO, private placement or a technical listing, is a plus for the market and for investors. We welcome Glissando Garden Center’s team to the AeRO market, the right place for growth companies, and encourage them to use all the financing mechanisms that the capital market has to offer, to make the most of their presence on the stock exchange and to develop their business’, said Radu Hanga, Bucharest Stock Exchange President.

‘We are proud and happy to take the step towards the Romanian capital market and join the companies listed on the Bucharest Stock Exchange. This step represents an important stage in the evolution and development of our company, and we are confident that our ambitions and plans will be supported through the capital market. As the leader of the development of a modern home & gardening concept in Romania, we will continue to address the growing needs of our customers for products and solutions to beautify their environment. Our strategy is to develop the quality of products and services, to increase our national exposure and to offer as much value as possible to our shareholders’, said Ioan Biianu, Glissando Garden Center CEO and founder.

Glissando Garden Center’s debut on the AeRO market follows a technical listing, assisted by Goldring.

‘The technical listing of Glissando Garden Center – a company with a validated business model – brings an advantage to the Bucharest Stock Exchange, primarily by the fact that it can attract an important pool of potential investors closer to the area of ??the capital market: their clients, key employees, partners, and other stakeholders. We also welcome the representation of a new sector on the local stock exchange, home & garden, a sector in the top of consumer preferences with the «urban gardening» phenomenon that the pandemic has accentuated and turned into a trend. Congratulations to Glissando Garden Center, to Mr. Ioan Biianu for the vision, and we are waiting to see other companies on the capital market, with commendable results and developments, from the Glissando brand family’, said Virgil Zahan, Goldring CEO.

Glissando Garden Center started its activity in 2011, with a history of the Glissando brand that dates to 1991. In 2015, after an investment of EUR 6mn, the company opened in Timisoara the first hypermarket in the country specialized in flower trade, plants, gardening items and plant protection products, with an area of 6,000 square meters. Currently, the company has two stores under the Garden Center concept, the second being in Lovrin, Timis County, with an area of 800 square meters. The company recorded in 2023 sales of RON 22.3mn and a profit of RON 923,490, according to the Memorandum. The company’s major shareholder is Ioan Biianu (80.11%), while 19.89% of shares are owned by individuals.

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