Europe’s Largest IPO This Year Values Hidroelectrica At $10.2 Billion ...Middle East

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Romanian electricity producer and provider Hidroelectrica said on Wednesday that the pricing of its initial public offering implied a market value of $10.2 billion (9.4 billion euros) for the company that has carried out Europe’s largest IPO so far this year. Hidroelectrica’s offer has been priced at 104 Romanian lei per share, implying a market capitalization of 46.8 billion lei, or 9.4 billion euros, the company said in a statement.   The offering was oversubscribed multiple times at the offer price, with strong investor demand…

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