Premier Energy shares go up on Bucharest Stock Exchange debut
<p>The shares of Premier Energy (BVB: <a href="https://bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=PE">PE</a>), one of the most dynamic energy groups in Romania, gained over 5% on their debut on the Bucharest Stock Exchange on Tuesday, May 28.</p>

<p>The company’s shares opened the trading session at RON 20.7, then went down to RON 20.5, before jumping and stabilizing over RON 21.</p>

<p>Premier Energy raised RON 695 million (EUR 140 mln) in an initial public offering (IPO) between May 8 and May 15. The IPO price was RON 19.5 per share. However, individual investors who placed their orders in the first three days of the IPO period got a preferential price of RON 18.53 per share, and gained over 10% on the first day of trading.</p>

<p>At noon, the PE shares were trading at RON 21.2 and the company’s market capitalization was RON 2.65 billion (EUR 533 mln).</p>

<p><em>editor@romania-insider.com</em></p>

<p><em>(Photo source: the company)</em></p>