Digi Communications BVB IPO

26/4/2017
IPO

ROL 1.2 billion

$ 289.228 million

Completed

26/4/2017


Overview:

  • Digi Communications has undertaken an IPO on the Bucharest Stock Exchange (BVB).
  • The company offered 21,744,108 shares at between ROL38 and ROL56 per share. The company is looking to raise around ROL1.218 billion.
  • The offering consists of a public issue and a separate issue to institutional buyers.
  • Citigroup and Deutsche Bank acted as joint global coordinators and bookrunners, Société Générale, Raiffeisen Bank and Wood & Company Financial Services acted as bookrunners and BT Capital Partners acted as bookrunner and lead manager.
  • Digi Communications is a Romanian telecoms provider, registered in the Netherlands, active in both Romania and Hungary. According to Romania-Insider, the company, based on client numbers, has nearly 50% of the cable TV and fixed internet service market in Romania and 11.6% of the mobile market.

Sam Duke - Editor

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