Romanian electric equipment producer Electro-Alfa goes public with EUR 115 mln IPO
Romanian producer of electric equipment Electro-Alfa International, controlled by local entrepreneur Gheorghe Ciubotaru (just over 90% directly and indirectly), with a RON 648 million (EUR 130 million) turnover and EUR 57 million (EUR 11…
iulian ernst · Journalist
· Updated · 2 min read
Romanian producer of electric equipment Electro-Alfa International, controlled by local entrepreneur Gheorghe Ciubotaru (just over 90% directly and indirectly), with a RON 648 million (EUR 130 million) turnover and EUR 57 million (EUR 11 million) in 2024 and positive growth rates for both in H1 2025, is carrying out an initial public offering at Bucharest Exchange (BVB) during February 2 and 11. It aims at raising between RON 551 million and RON 584 million (EUR 108 million - EUR 115 million) by issuing new shares worth 35% after the IPO.
The IPO thus values the company at RON 1 billion - 1.1 billion (around EUR 200 million - 210 million), or EUR 318 million - EUR 325 million post-money.
