Christian Tour has completed an IPO on the Bucharest Stock Exchange
June 2026 — Christian Tour, one of Romania’s leading integrated travel and tourism groups, has successfully completed an initial public offering (IPO) and listing on the Bucharest Stock Exchange (BVB), becoming the first tour operator admitted to trading on BVB’s Regulated Market. The offering raised approximately US$33 million and attracted strong demand from institutional and retail investors, reaching a subscription level of 121%. This demonstrates strong investor confidence in Christian Tour’s business model, brand recognition and growth prospects. The capital raised will support the company’s next stage of growth, focused on digital transformation, organic expansion and consolidation of the highly fragmented tourism market through selective acquisitions.
Founded in 1997, Christian Tour has evolved from a local travel agency into a fully integrated travel platform operating across multiple segments of the tourism value chain. Its services include tour operations, holiday packages, charter flights, travel agency services, corporate travel solutions and other travel-related offerings for leisure and business customers. The company operates the largest travel agency network in Romania, with 63 branches nationwide, and serves more than 365,000 travelers annually through a combination of physical distribution channels and digital platforms. Christian Tour generates revenue primarily from the sale of tourism packages and related travel services, serving a broad customer base spanning individual consumers, families and corporate clients. It has established a strong market presence supported by an extensive distribution network, a recognized brand and a diversified service offering.
Our role in the transaction
Oaklins’ team in Romania acted as the intermediary and financial advisor in Christian Tour’s successful IPO and listing on the Bucharest Stock Exchange. The mandate required navigating a complex transaction in a dynamic market environment while positioning the founder-led tourism business as an attractive public market investment opportunity. Combining deep capital markets expertise with extensive experience advising Romanian entrepreneurial businesses, Oaklins supported Christian Tour throughout the preparation and execution of the IPO process, helping to broaden its investor base and successfully complete a landmark transaction for the company and the Romanian capital market.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn moreTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Learn more