INTER RAO Lietuva IPO Warsaw’s fifth largest in 2012
Leading Polish daily Rzeczpospolita reports that the INTER RAO Lietuva listing was Warsaw’s fifth largest IPO by value in 2012. Institutional and retail investors bought €23.4 million (PLN 96.7 million) worth of shares in the company, one of Lithuania’s largest energy suppliers. The WSE’s overall IPO value last year was PLN 3.4 billion.
The Polish capital’s IPO market is one of the most active in Europe. Last year the Warsaw Stock Exchange, including the NewConnect alternative market, was ranked first by volume (105 listings) and fifth by value.1
Inter RAO Lietuva floated on the Warsaw Stock Exchange on 18 December and is the first energy sector company in the Baltic states and the third Lithuanian company to be listed in Warsaw.
“On listing, investors acquired shares at €5.85 (PLN 24.17), while now, after two months on the market in Warsaw, our shares are trading at approx. PLN 26.80, meaning that our share price has increased by over 10%. I am convinced that if we follow through with our strategy, we will be able to continue increasing shareholder value,”says Giedrius Balčiūnas, CEO of INTER RAO Lietuva.
INTER RAO Lietuva supplies electricity to the largest consumers in Lithuania, including the Orlen Lietuva refinery. The company also trades electricity on Scandinavia’s Nord Pool Spot, one of the largest power exchanges in Europe.
For more information please contact:
Jacek Jan Komar
INTER RAO Lietuva
Public Relations Manager
Tel. +370 5 242 11 21
Mob. +370 662 52 287
E-mail: j.komar@iterrao.lt
Website: www.interrao.lt