€1.50
THURSDAY 28 OCTOBER 2021 • ISSUE 127
WWW.BUSINESSTODAY.COM.MT
PAGE 5
ANALYSIS PAGE 12
PAGE 3
PAUL COCKS
THE Malta Financial Services
Authority (MFSA) on Tuesday
approved a prospectus submit-
ted by Hili Properties in relation
to a proposed public offering and
listing (IPO) of the company's
shares. Hili Properties had filed
its application on 21 October.
e company aims to raise
around €49 million from the
IPO, which will be used to fi-
nance new property acquisi-
tions. It is anticipated that €30
million will be utilised in terms
of an acquisition of immovable
property in 2022, whilst €19 mil-
lion will be utilised to partially
finance a property acquisition in
2023.
Hili Properties is in advanced
discussions to acquire one com-
mercial property in Poland and
an industrial property in Lithu-
ania, having a combined value in
excess of €38 million.
Hili Properties aims to
raise €39 million for new
properties through IPO
Can upgraded
Ethereum really
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American tech
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investment
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AIRALO, an American
travel tech startup that has
developed the world's first
eSIM store has announced
that it has raised $5.4 mil-
lion in Series A funding.
GO Ventures is among a
list of telecom, travel, and
venture capital leaders from
around the world who have
shown faith in this startup.
Hili Properties currently has a property portfolio
valued at more than €115 million. Its 5,280m2
offices in Luqa alone are valued at €16.9 million
