• The shares of Electro-Alfa International, a Romanian company with over 35 years of experience and one of the top players in the production of electrical equipment and energy infrastructure solutions, debuted on March 3rd on the Regulated Market of the Bucharest Stock Exchange (BVB).
• Thus, starting today, investors can trade the company's shares on the BVB under the ticker symbol EAI.
• The initial public offering (IPO) that preceded the listing, through which the company raised the amount of 579.64 million lei (115 million euros), took place between February 2nd and 11th, 2026.
• The offering saw high demand from both retail and institutional investors, such that on February 6th, it was closed early, being the first early-closed offering on the BVB. The retail investor tranche recorded a record subscription of 60 times.
• The net proceeds obtained by Electro-Alfa International following the offer, amounting to 544.27 million lei, are intended to support the company's growth strategy in the coming years.
• The company's free float is approximately 35% of the share capital, and the market capitalization at the IPO execution price of 8.85 lei/share is 1.67 billion lei (326.89 million euros).
• The company's shares can be traded on the BVB through authorized brokers. Their list is available HERE.

Electro-Alfa International, a Romanian company with over 35 years of experience and one of the top players in the production of electrical equipment and energy infrastructure solutions, debuted today, March 3rd, on the Regulated Market of the Bucharest Stock Exchange (BVB). The listing follows an Initial Public Offering (IPO) worth 579.64 million lei (115 million euros) and marks a unique moment at the BVB: the early closure of the IPO on February 6th (the offering period was originally February 2nd–11th), following the oversubscription of both the institutional and retail investor tranches.

Electro-Alfa International, whose technical solutions are produced in its four state-of-the-art factories in Botoșani, Romania, is listed under the ticker symbol EAI. The company's market capitalization at the IPO execution price of 8.85 lei/share (the maximum value of the offering price range) is approximately 1.67 billion lei (327 million euros).

Following the offering, Electro-Alfa International benefits from a capital infusion of 544.27 million lei. The company will use these funds to support its growth strategy in the coming years, including strategic acquisitions, the development of internal capacities, investments in energy production and storage, innovation, expansion into foreign markets, and ensuring the working capital necessary for participation in major projects.

The company's free float is approximately 35%. Gheorghe Ciubotaru, the founding entrepreneur who previously held 80% of the shares, will continue to hold 52%, while Electro Alfa Management, which held 20%, will now hold 13%. Following the offer, institutional investors in Electro-Alfa International include the European Bank for Reconstruction and Development (EBRD) and NN Pensii, each entering the shareholding with a stake of over 5%.

The IPO comprised a total of 65,990,507 shares, for which 5,409 subscription orders were registered. The shares were allocated as follows: 56,091,932 shares to the institutional investor tranche at a price of 8.85 RON/share, and 9,898,575 shares to the retail investor tranche (of which 9,882,434 shares were allocated at a price of 8.4075 RON/share and 16,141 shares at 8.85 RON/share).

Initially, the retail investor tranche was set at 10% of the total shares offered. Due to high investor interest—namely an oversubscription of approximately 5800% on the retail tranche—the company decided to supplement it by an additional 5%, bringing the final allocation for individual investors to 15%.

"As of today, Electro-Alfa International joins the ranks of companies listed on the Exchange's Regulated Market, following a successful IPO that reconfirms investor appetite for solid, traditional Romanian companies. The 35 years of activity reflect the company's maturity and serve as a benchmark of trust for capital market actors. I welcome the Electro-Alfa International team to BVB," stated Radu Hanga, Chairman of the Board of the Bucharest Stock Exchange.

"When a key player in the energy sector becomes an issuer at BVB, it is clear proof that the Romanian entrepreneurial environment and the capital market support each other. Electro-Alfa enters the market as a company valued at 1.67 billion lei," added Remus Vulpescu, CEO of the Bucharest Stock Exchange.

"Listing on the Bucharest Stock Exchange is one of the most important moments in our company's history. We started over 35 years ago with the desire to build a solid company in Romania. Today, our status as a public company reflects our organizational maturity and confirms the market's trust in our development model," said Gheorghe Ciubotaru, President and Founder of Electro-Alfa International.

"The significant interest shown by investors validates the maturity of our business model. Listing brings us more visibility and the opportunity to accelerate our planned projects while maintaining the operational and financial discipline that has defined us," stated George Ciubotaru, Vice-Chairman of the Board.

"The capital raised through the IPO provides us with the resources needed to invest in expanding production capacities and modern technologies. We are ready for this stage and take the responsibility of being a listed company seriously," said Stefan Petrea, CEO of Electro-Alfa International.

Swiss Capital and UniCredit Bank acted as Joint Lead Managers and Bookrunners, while the law firm Clifford Chance Badea provided legal counsel throughout the process.

"The high interest and the early closure of the offer—a first in the recent history of the local capital market—reflect the solid demand from both local and international investors," stated Constantin Bruma, Capital Markets Broker at SAI Swiss Capital S.A.

"This IPO marks one of the most prominent transactions of its kind by a local entrepreneurial company at BVB and sends a strong signal regarding the potential of Romanian businesses," said Nicoleta Ruxandescu, Capital Markets Coordinator at UniCredit Bank.

"The enthusiasm with which the offer was met demonstrates that the Romanian capital market is gaining depth and is eager to support high-performing companies," concluded Radu Ropota, Partner at Clifford Chance Badea.

About Electro-Alfa International

Electro-Alfa International is a majority Romanian-owned company, recognized as a leading player in medium and low voltage electrical equipment, EPC (Engineering, Procurement, Construction) works, and energy efficiency solutions. With 35 years of experience, it is actively involved in modernizing critical infrastructure in fields such as power distribution, rail transport, the nuclear industry, and renewable energy. The company operates four modern production units (25,000 sqm total) and its own R&D center.

About the Bucharest Stock Exchange (BVB)

BVB is the only securities market operator in Romania. In 2025, the capitalization of all companies listed on BVB exceeded the 500 billion lei threshold (100 billion euros). The BET index recorded its best performance in 16 years in 2025 (+46%). Since 2020, Romania has been classified as an "Emerging Market" by the global index provider FTSE Russell. More information at www.bvb.ro.