Those rights were traded until Friday, but operations were suspended in order to complete the shareholder registry. The final trading price for Transgaz allocation rights was RON 286 (€77.3) per share. At a price of RON 270-280 (€73-75.7) per share, these are worth buying. Quotations are balanced and they will probably evolve close to this level or rise, depending on the evolution of the market. They are not expected to drop below RON 250 (€67.6) per share, given the cost of loans needed to support subscriptions during the IPO,” said Investica Asset Management company’s General Manager, Leonard Visan, for Business Standard.

The Transgaz IPO was over-subscribed 28 times. The gas transportation company listed 10 percent of its stock on the BVB, worth an initial €64 million. However, following the record-setting over-subscription, the company attracted some €1.8 billion.