New investors have appeared in the market, from as far as the US, which had no previous connection with Romania, the sources added.
“The company is big, meets ESG criteria, the valuation is in the market, it enters the big stock market indices after listing,” the sources said.
At the maximum price of RON112 in the listing range of RON94 to RON112 announced by Fondul Proprietatea, the offering amounts to RON8.8 billion (EUR1.8 billion). Institutional investors have 66 million shares allocated, which at the maximum price means RON7.4 billion and retail investor allocation stands at 11.7 million shares (RON1.3 billion).
(English version by Loredana Fratila-Cristescu)