- A ceremony marking the start of trading in the newly issued shares of BOSQAR d.d. was held on Tuesday at the Zagreb Stock Exchange, with trading officially commencing on July 8.
- BOSQAR raised EUR 150 million in the largest capital increase through a secondary public offering (SPO) in the history of the Croatian capital market.
- More than 5,400 retail investors and 26 qualified investors participated in the SPO, with total investor demand reaching nearly EUR 178 million.
- “I would like to see more successful transactions such as BOSQAR’s in the years ahead, as they contribute to the development of the Croatian economy and its competitiveness,” said Tomislav Ćorić, Deputy Prime Minister and Minister of Finance of the Republic of Croatia.
Zagreb, Croatia, July 7, 2026 – Croatian investment group BOSQAR INVEST (BOSQAR d.d. - ZSE: BSQR) held a ceremony at the Zagreb Stock Exchange on Tuesday to mark the start of trading in its newly issued shares following the successful completion of its secondary public offering (SPO), the largest transaction of its kind in the history of the Croatian capital market.
Trading in the newly issued shares on the Zagreb Stock Exchange officially commences on July 8.
Through the offering, BOSQAR raised EUR 150 million in new capital, while total investor demand reached nearly EUR 178 million. The offering attracted 5,453 retail investors and 26 qualified investors, further broadening the company’s shareholder base.
The ceremony at the Zagreb Stock Exchange was attended by Tomislav Ćorić, envoy of Prime Minister of the Republic of Croatia Andrej Plenković, Deputy Prime Minister and Minister of Finance; Ivana Gažić, President of the Management Board of the Zagreb Stock Exchange; Stjepan Orešković, Founder and Majority Shareholder of BOSQAR; Darko Horvat, President of the Management Board of BOSQAR; representatives of institutional investors, financial institutions and business partners; and numerous other guests.
Ćorić: “A Significant Step Forward for the Croatian Capital Market”
Tomislav Ćorić, Deputy Prime Minister and Minister of Finance of the Republic of Croatia, reflected on the importance of developing the domestic capital market and creating conditions that enable Croatian companies to finance their growth through capital market instruments.
“Today’s event is important not only for BOSQAR, but also represents a significant step forward for the Croatian capital market. Listing on the stock exchange and successfully raising capital demonstrate a high level of credibility, transparency, and sound corporate governance. The Croatian economy has traditionally relied on bank financing, but our objective is to further develop alternative sources of financing, while continuing to strengthen financial literacy among citizens and participation in the capital market. I would like to see more successful transactions of this kind in the years ahead, as they contribute to the development of the Croatian economy and its competitiveness,” Ćorić said.
Gažić: “The Interest of More Than 5,400 Citizens Confirms That Croatia’s Capital Market Is Maturing”
Ivana Gažić, President of the Management Board of the Zagreb Stock Exchange, emphasized that the success of the transaction confirms the growing role of the capital market in financing the growth of Croatian companies, as well as strong interest among citizens in investing.
“In terms of the number of investors, this is the largest transaction on the Zagreb Stock Exchange since the initial public offering of Hrvatski Telekom. We are particularly pleased that such a large number of citizens participated in this offering, confirming that an investment culture is developing in Croatia and that the capital market is becoming an increasingly important source of financing for domestic companies. Following last year’s successful listings, this is further confirmation that the Croatian capital market has the potential for continued growth and development,” Gažić said.
Horvat: “It Is Now Up to Us to Repay Investors’ Trust Through Results”
Darko Horvat, President of the Management Board of BOSQAR d.d., the holding company of the BOSQAR INVEST group, emphasized that Tuesday’s event represents an important milestone in the company’s development and a confirmation of the trust placed in BOSQAR by both existing and new investors.
“We are grateful to all investors who recognized our strategy and placed their trust in us, as well as to our employees and partners whose work made it possible for us to mark this important moment today. BOSQAR has grown organically, through acquisitions, and continuous investment, but our ambition has never been simply to become bigger. We want to build companies that will be leaders in their industries. The capital market has been an important partner in our development, and the success of this offering goes beyond BOSQAR itself, representing a positive step forward for the Croatian capital market as a whole. It is now up to us to repay the trust placed in us through continued results and the creation of long-term value for all our shareholders,” said Horvat.
Orešković: “Going Public Is a Way for a Company to Become Bigger Than What It Is”
Stjepan Orešković, Founder and Majority Shareholder of BOSQAR, emphasized that today’s event is the result of the joint efforts of the company, institutions and the capital market, as well as an important catalyst for future development.
“This is not a success for BOSQAR alone, but for everyone who participated in this process. Croatia has the knowledge, entrepreneurial energy, and capital needed to build globally competitive companies, while the capital market provides an environment in which such ambitions can grow and develop. BOSQAR as we know it today would not exist without going public, which enabled us to grow beyond our beginnings. I am particularly pleased that we now have thousands of new retail shareholders who are becoming part of our story. I believe that, with the knowledge, technology and trust we have built, we will achieve an equally significant step forward over the next six years as we have over the past six,” Orešković said.
A New Chapter for BOSQAR INVEST
BOSQAR will use the capital raised to finance the group’s continued development, including the completion of the acquisition of PIK Vrbovec, subject to the fulfilment of all required regulatory and other conditions, as well as future investments and the development of its business verticals.
Since listing on the Zagreb Stock Exchange in 2019, BOSQAR has used the capital market as one of the key sources of financing its development.
The ceremony marking the start of trading in the newly issued shares represents the completion of the record-breaking SPO, but also the beginning of a new development cycle for the group, focused on continued international growth, investment and the creation of long-term value for shareholders.
