As it was announced on July 5, 2023, the price of the IPO by Fondul Proprietatea, managed by Franklin Templeton International Services, consisting of 78 million shares, was set at RON104/share, involving a market capitalization of RON46.8 billion (EUR9.4 billion) at the admission date.
“We are delighted that Hidroelectrica shares are tradable at the Bucharest Stock Exchange. This is the final stage of a process we’ve assumed, the fulfillment of an intense and lasting effort, whose results we are seeing today. The success of the IPO is on the one hand a historic achievement for the company and on the other hand proof of the huge potential the Romanian capital market has in aiding our growth as an economy, country and nation. (…) The significant interest from national and international investors stands proof not only for the current quality of our business, but also for its future outlooks, and the listing in the Premium category of the regulated market of BVB will support the long-term growth of Hidroelectrica,” says Bogdan Badea, Hidroelectrica CEO.
(English version by Catalina Apostoiu)