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The price for Digi’s IPO, set at RON 40 per offer share

By Anca Bernovici
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Telecom services provider Digi announced that the price for its IPO of class B ordinary shares on the Bucharest Stock Exchange (BVB) has been set at RON 40, a press release informs.

23,918,519 offer shares have been offered, representing a free float of 25.6 percent of the company’s total number of shares other than shares held in treasury, assuming exercise of the 10 percent over-allotment option, immediately following admission.

Unconditional trading in the class B ordinary shares of Digi is expected to commence on BVB at 9.45 am on May 16, 2017.

“We have been very pleased with the strong response from retail and institutional investors since we announced our Intention to float on the Bucharest Stock Exchange. This IPO is an important step in DIGI’s evolution, allowing investors to gain access to an attractive industry leader, with stable structural growth. We believe the strong support from investors is testament to strength of our existing business and future growth prospects,” Serghei Bulgac, CEO of Digi, said.

The offer for Public Investors addresses to certain Qualified Investors in the European Union and outside U.S. and, according to the S Regulation from U.S., only to persons reasonably considered to be QIB (qualified institutional buyer – ed. note), according to 144A Rule.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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