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Hidroelectrica's Strong Debut Marks a Turning Point for Romania

(Bloomberg) -- Europe’s largest initial public offering of 2023 gave investors something to cheer about and is hailed as a turning point for Romania’s capital market. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy Funds‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021Saudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitPoisoned Cough Syrup Killed K...
Danube River Romania General Pablo Escondrillas Mugur Isarescu Morgan Stanley Europe Alexandru Ilisie
Source: yahoo.com

Hidroelectrica likely valued at EUR 9.4 bln under heavily oversubscribed IPO

The initial public offering (IPO) of Romanian hydropower company Hidroelectrica (BSE: H2O) was priced at RON 104 per share, which is in the upper half of the price interval (RON 94-112), implying a valuation of EUR 9.4 billion for the whole company. At this price, Fondul Proprietatea (BSE: FP),...
Morgan Stanley Europe Auerbach Grayson Fondul Proprietatea Bogdan Badea Banca Comerciala Romana Company Financial Services

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