The retail investors who subscribed during the first four days got a RON8.4075 price per share, broker Swiss Capital said in its report to the Bucharest Stock Exchange.
Electroalfa offered 65.99 million new shares for sale, accounting for about 35% of the share capital after the increase. The offering was conducted with a price range of RON8.35 to RON8.85 per share and since the upper limit has already been reached, the company’s market capitalization will be about RON1.62 billion after listing.
The proceeds will be used for expanding production and energy storage capacity, energy infrastructure acquisitions and regional development.
(English version by Loredana Fratila-Cristescu)