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Romanian Gov't raises 390.9 million euros in Romgaz IPO

The initial public offering (IPO) of Romgaz has been a success, with the underwriting having been completed for a price of RON 30 per share and the total raised standing at RON 1.734 billion (390.0 million euros or 534.63 million US dollars), Minister-delegate for Energy Constantin Nita said Friday.The price bracket for the Romgaz IPO was RON 24 - RON 32 per share.Small investors bought over 20 per cent of the shares; ...

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