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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

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Romanian online retailer Elefant postpones IPO at Bucharest Stock Exchange

Elefant Online, the second-largest player in Romania's online retail market according to Ziarul Financiar daily, postponed plans for the initial public offering (IPO) previously scheduled for November.

"We need to take a step back and look at the best options," said the company's founder and majority owner (60.7%), former Moldovan prime minister Ion Sturza.

The decision was based on the feedback from some investors after the company's roadshow, operated by Wood&Company.

"We tested the market, and the market was extremely responsive. We have some offers on the table that we couldn't even dream of half a year ago. But we can't move forward yet. There are offers from investors, from partners, from banks. It is a surprise, many analyzed the Romanian market and came to us with different offers,"  Ion Sturza told Ziarul Financiar on a rather ambiguous note.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

BSE

 

 

Romanian online retailer Elefant postpones IPO at Bucharest Stock Exchange

Elefant Online, the second-largest player in Romania's online retail market according to Ziarul Financiar daily, postponed plans for the initial public offering (IPO) previously scheduled for November.

"We need to take a step back and look at the best options," said the company's founder and majority owner (60.7%), former Moldovan prime minister Ion Sturza.

The decision was based on the feedback from some investors after the company's roadshow, operated by Wood&Company.

"We tested the market, and the market was extremely responsive. We have some offers on the table that we couldn't even dream of half a year ago. But we can't move forward yet. There are offers from investors, from partners, from banks. It is a surprise, many analyzed the Romanian market and came to us with different offers,"  Ion Sturza told Ziarul Financiar on a rather ambiguous note.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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