This puts its expected market capitalization at RON1.33 billion or about EUR262 million. The IPO ended with record demand from investors and the company raised RON454.35 million.
Cris-Tim’s IPO included 27.79 milion shares, accounting for 34.48% in the company, of which 5.6 million new shares and 20.87 million existing shares sold by majority owner Rangelow Limited.
The retail investor tranche was 42 times oversubscribed, which led to the reallocation of 5% of the institutional investor tranche to the retail investor tranche.
Following the conclusion of the IPO, Cris-Tim will request admission to trading of all its shares in the Premium category of the Regulated Market managed by the Bucharest Stock Exchange, as CHF.
Trading should start on November 26 and the free-float will be 34.48%.
(English version by Loredana Fratila-Cristescu)