RCS&RDS shares sold close to minimum price during listing

Friday 12 May 2017 | 07:49 CET | News
The broker consortium in charge with RCS&RDS' listing set the share price at RON 40, writes local paper Ziarul Financiar. The paper said this caused an unpleasant surprise in the market considering that the price is only 5 percent above the minimum threshold of RON 38 and the conditions in which the demand for Digi shares exceeded the offer several times. The company initially set an indicative price range of RON 38 to 56 per share. Also, there was an over-subscription of 27 times on the retail tranche of the listing. There was also a reallocation of 1.1 million shares from institutional to

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Categories: General
Companies: Digi / ING Bank
Countries: Romania
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