Romania Braced for Trading Surge After Europe’s Largest IPO
- Fondul raised $1.8 billion Hidroelectrica stake sale last week
- Pre-trading in energy group to begin early in Bucharest on Wed
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Romania’s stock market is gearing up for a swarm of new investors and record liquidity as the country’s largest electricity producer begins trading in Bucharest.
Hidroelectrica SA will kick off its bourse career on July 12 with a market value of roughly $10 billion. That’s after investment vehicle Fondul Proprietatea SA last week raised 8.1 billion lei ($1.8 billion) from the sale of a 17.3% stake in the utility. Retail investors took up a fifth of the shares on offer.