Electro-Alfa heads towards one of most successful IPOs at Bucharest Exchange

With orders surpassing 2.4 times the shares earmarked for individual investors on the first day alone, the 35% IPO carried out by electric equipment producer Electro-Alfa promises to end as one of the most successful public offerings on the local stock exchange. The individual investors placed orders for RON 142 million (EUR 28 million) shares, and they still have three days to capitalise on the 5% discount of the final price formed on the segment of institutional investors.

Market data shows that interest comes not only from old investors, but also from new accounts, in a context in which stock market returns in recent years and successive listings have visibly increased the retail base.