RCS&RDS sets price range for IPO in May

28 Apr 2017

Digi (Romania Cable Systems [RCS&RDS]) has given details of its share prices for its upcoming listing on the Bucharest Stock Exchange (BSE) next month, writes the Ziarul Financiar. In an official prospectus produced by Digi, it said that the price range per share will be RON38 to RON56 (USD9 to USD13) with the shares expected to start trading on the BSE on 16 May. The market value of RCS&RDS is estimated at between EUR780 million and EUR1.2 billion.

Earlier this month, TeleGeography’s CommsUpdate reported that RCS&RDS announced plans to list 25% of its business on the BSE in May through an initial public offering (IPO).

Romania, Digi Communications, RCS&RDS (DIGI)