News » December, 2010 » 5 December 2010
First IPO in two years, first failure
05.12.2010, 23:52 | Capital Markets | 941 views
The initial public offering of Hidraulica Plopeni (HPR) producer of hydraulic pumps was just 0.04% subscribed, the lowest level registered by an IPO launched on the Stock Exchange in the past 10 years. Four investors, who subscribed 38,000 shares worth 4,180 RON (less than 1,000 euros) out of a total of 97 million shares put up for sale, participated. The company had planned to raise 10m RON (2.3m euros) to accomplish its investments plans in the field of green energy. Read more on ZF.ro
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