Hidroelectrica IPO a turning point for the market in Bucharest

State-owned Romanian power producer Hidroelectrica’s IPO, which had been under discussion for over a decade, was multiple times oversubscribed and priced slightly above mid-range of the price range. This results in a valuation of above EUR 9.4 billion, making the country’s largest electricity producer’s IPO the largest ever made on the Bucharest Stock Exchange (BVB), the largest in Europe and the third