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Dan Boiangiu, Arval
Public and private investment seems to re-gain a proper focus»
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BVB second place in the region by number of IPOs in H1 2017

Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of this year, with a total value of more than 208 million Euro, according to BVB data.

2017-07-21 10:05:52

Warsaw Stock Exchange is on the first place, with six IPOs in Q2 2017 and a total value of IPOs of 542 million Euro, followed by the Bucharest Stock Exchange with two IPOs - Digi Communications and AAGES, according to a PwC analysis.
A number of 103 IPOs took place in Europe in Q2 2017, with an average value of 215 million Euro, according to the same source. On the Romanian market, the value of Digi Communications IPO, of 207 million Euro, is close to the European IPO average offering value of this period.

"The evolution of the Bucharest Stock Exchange in the first six months of 2017, in a regional context, reflects the market dynamics and the fact that more and more companies are willing to list on the Romanian capital market," said Ludwik Sobolewski, CEO BVB. "This is obviously an ongoing process. In the second part of the year, the shares of a new company will most likely begin to float."

Digi Communications shares, important supplier of telecommunication services in Romania and Hungary, started trading on BVB on May 16, following the suc-cessful closing of the largest IPO of a private company concluded on the Roma-nian capital market. The value of the offering was over 944 million RON (207 million Euro).

AAGES shares, a company which designs and manufactures induction heating systems for a wide range of applications, began trading on the BVB on June 19, following a bid through which shareholders have sold 15 per cent of the compa-ny for 1.2 million Euro.



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