One United Properties is running an IPO in view of going public on the main market of the Bucharest Stock Exchange.
The developer will issue 130 million shares with a price range between RON1.93 and RON2.12 per share. Through this operation, One United Properties is offering for subscription shares worth 10% of the company’s share capital.
The IPO is 60% addressed to institutional investors and 40% to retail investors. The final price will be set following the bookbuilding process.
One United Properties, founded by Victor Capitanu and Andrei Diaconescu, announced IPO plans back in April. The intermediary of the offer is BRK Financial Group, while Swiss Capital will be part of the distribution group.