“The Romgaz offering is an unexpected success. Nobody believed the offering may attract more than EUR200 million from the local market. The Romgaz IPO currently registers subscriptions worth 1.8 billion lei (EUR0.4 billion) only on the retail segment,” Anghel said at a conference on privatization organized by financial daily Ziarul Financiar.
Speaking at the same conference, BRD SocGen deputy general manager Claudiu Cercel said the local capital market would have looked completely different if Romgaz had been listed on the bourse years ago.
The IPO was launched on October 22 and is due for completion on October 31. The amount that could be raised ranges between RON1.38 billion and RON1.85 billion. (EUR1=RON4.4304)