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Sphera Franchise Group raises 285 mln lei (62 mln euro) in IPO on Bucharest bourse

Romania's Sphera Franchise Group raised 285 million lei ($72 million/62 million euro) through an initial public offering (IPO) of a 25% stake on the Bucharest Stock Exchange (BVB) and is expected to start trading next week, the bourse said on Friday, quoed by seenews.com. Transilvania Broker launched the IPO on the BVB on October 24, hoping to raise up to 324.4 million lei through the sale of 9.8 million shares. The final ...

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