Nuclearelectrica IPO - the first one on BVB (Bucharest Stock Exchange) in the last five years

Romania’s Nuclearelectrica nuclear national corporation has started an initial public offer (IPO) through which will sell a 10 per cent stake in-state owned. The IPO runs between September 9 - 20 and seems a good speculative opportunity for small investors considering the underwritings come with an 8-per cent discount during the first three days. The price ranges  from RON 11.2 85 to RON 15 per share. 85 per cent of the shares have been allocated to institutional investors, 5 per cent, to large retail investors and 10 per cent, to small investors.