27 November 2018 – Eje Prime
Atom completed its first day on the MAB without any variation in its share price. The Socimi specialising in the hotel sector and owned by Bankinter made its debut on the Alternative Investment Market (MAB) with no variation in its debut price of €10.70 per share.
That is the amount that the company set for its stock market debut and which values the company at €264.76 million. The Socimi started the day with a slight rise of 0.9%, to reach €10.80 per share, but ended trading flat.
Atom operates on the stock market with the code YAT and its shares are traded through the fixing system, whereby prices are fixed twice a day, a 12 noon and 4pm.
Atom owns 23 hotels with a total accounting value of €439.7 million, including the AC Marriott in Palma, Sevilla and Álava, as well as the Meliá hotels in Sevilla and the Canary Islands. The group is the 20th company to join the MAB in 2018 and the 67th Socimi to debut on the Spanish stock market to date: 62 Socimis operate on the MAB and five operate on the main stock market.
Original story: Eje Prime
Translation: Carmel Drake