2023-07-12 18:12:13
Mr. Hanga, did you buy Hidroelectrica shares?
Andreas Mihm
Business correspondent for Austria, Central and Eastern Europe and Turkey based in Vienna.
Yes I have.
Demand was huge, and the fifth of the shares reserved for private investors was five times oversubscribed. Did that surprise you?
We were prepared for a great deal of interest and many investors. But the demand, especially from private investors, for whom we have the official figures, is above our already high expectations. And from what we hear from the brokers, quite a number of new institutional investors are coming to Romania with the IPO.
With the IPO, new and inexperienced investors enter the market. Doesn’t the euphoria associated with the IPO carry the risk that they may be severely disappointed?
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