Electrica IPO – a good investment opportunity, experts say


Electrica IPO can be a good opportunity for the retail investors as the minimum subscription price of RON 11/share is 13 percent lower than the target price for the upcoming twelve months, believe the experts of Tradeville brokerage. The IPO by which Electrica puts for sale a stock of 51 percent of its shares will commence on Monday, June 15 and will last until June 25. It will be the greatest IPO ever run by the Bucharest Stock Exchange even with its minimum price exceeding the offering by which the government sold 15 percent of Romgaz shares last year. In the meantime, the Financial Supervisory Authority approved during the June 11 meeting the IPO draft (shares and global deposit certificates) issued by Electrica.