Romania’s largest electricity producer got a valuation of RON49.5 billion from investors in the fist trading session. For instance, the second largest company by capitalization on the Bucharest Stock Exchange is OMV Petrom (SNP.RO), RON33.6 billion. Hidroelectrica also broke a record in terms of liquidity for the first session, RON760 million. Its shares peaked at RON115.2 million, an increase of 10.77% on the IPO price and dropped as low as RON109.2, which was still 5% above the IPO price, according to ZF’s calculations.
The main index of the market, BET, which includes Hidroelectrica from its first day of trading, rose 1.43% on Wednesday and has gained 11.43% so far this year.
(English version by Loredana Fratila-Cristescu)