Alicante football club Intercity will start trading on October 25 | Companies

CF Intercity, a team from Alicante that plays in the RFEF Second Division and that has ex-soccer player Juanfran Torres among its investors, has confirmed this Thursday that next October 25, at 12 noon, it will definitely go public, thus becoming in the first Spanish football club listed on the stock market.

Although the board of directors of CF Intercity expected confirmation of its IPO by the end of June, the bell will ring for it on October 25 at 12 noon, with an initial capital of 4.9 million euros and a total of 320 investors, as confirmed by Salvador Martí, president of the entity, to Agencia Efe.

The club began the process to become a Sociedad Anónima Deportiva in 2019 to complete it in November 2020, three years after its foundation in 2017. After the modification of the statutes and the inclusion of a capital increase approved on September 17 At the general meeting of shareholders, CF Intercity is ready to become the first Spanish club to be listed on the Stock Exchange.

Just two weeks ago, Juanfran Torres’ CF Intercity approved an increase in the company’s share capital by offsetting credits for a total amount of 807,182.40 euros through the issuance and circulation of 672,652 shares

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