* Most of the employees of the company want to buy shares of the company in the first three days of the IPO
* Increased interest from China in Units 3 and 4
BT Securities, one of the intermediaries of the listing of Nuclearelectrica, will open on Monday, a mobile office at the nuclear-electric plant of Cernavodă, several sources from within the company told us. Thus, the 1,500 employees of Nuclearelectrica SA working in Cernavodă have the possibility to subscribe shares in the offer, our sources told us, saying that, without this solution, which the management of the company and the Energy Department had agreed on, it would have been very difficult for the employees to participate in the IPO.
The IPO will take place between September 9th - September 20th. Nuclearelectrica can raise between 272.8 million lei and 369.3 million lei from the sale of the company's shares on the Bucharest Stock Exchange (BSE). The company intends to sell 25.3 million new shares, representing the equivalent of 10% of the share capital, at prices ranging between 11.2 lei/share and 15 lei/share. This price is almost two times lower than the value at which they are booked in the net asset of the Proprietatea Fund (symbol: FP), which holds 9.72% of the shares of Nuclearelectrica.
This offer has every chance of being successful, according to the brokers in the stock market, who signaled lots of interest from retail investors. Brokers expect high interest from institutional investors as well.
The Nuclearelectrica IPO comprises three tiers, of which the largest, of 85% of the required shares, is intended for institutional investors. 10% of the shares put up for sale are reserved for the small subscribers tier, and 5% account for the major subscriber tier.
The price for the small and big subscribers is fixed, and has been set at 15 lei/unit, and in the case of i
