PRESS RELEASE
29 December 2025

Elias Neocleous & Co Advises On Cris-Tim Family Holding IPO

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
Clifford Chance Badea advised the issuer on the IPO and its historic listing formed part of Cris-Tim Family Holding’s broader development process and marked a significant milestone in the group’s growth, as it successfully transitioned into a publicly li
Cyprus

The Capital Markets team of Elias Neocleous & Co LLC has successfully advised on the sale of existing shares by Rangeglow Limited, a Cyprus-based entity, in connection with the initial public offering (IPO) of Cris-Tim Family Holding on the Regulated Market, Premium Category of the Bucharest Stock Exchange raising RON 454.35 million.

Clifford Chance Badea advised the issuer on the IPO and its historic listing formed part of Cris-Tim Family Holding's broader development process and marked a significant milestone in the group's growth, as it successfully transitioned into a publicly listed company. The IPO attracted exceptionally strong investor demand, achieving a subscription rate of approximately 197%. Following the listing, Cris-Tim Family Holding attained a market capitalisation of approximately RON 1.5 billion.

This successful offering underscores the strength of the company's market position and represents an important step in its continued expansion.

Elias Neocleous & Co LLC remains committed to delivering exceptional legal services and strategic advice, guiding clients through complex capital markets transactions with expertise and precision.

For further details, please contact Demetris Roti.

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.

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