ZF calculations take into account the price interval announced on Thursday night in the offering: RON94 per share for institutional investors (who have 85% of the offering) and RON112 per share for retail investors.
The H2O initial public offering, via which Fondul Proprietatea sells 17.34% of the stake it has left in Romania’s largest electricity producer, has a value of maximum RON8.8 billion based on the maximum RON112 subscription prices, starts on June 23 and ends on July 4.
Admission to trading is scheduled for July 12, 2023, shows the prospectus. Fondul Proprietatea is selling 78 million H2O shares.
(English version by Catalina Apostoiu)