In investment banking, the biggest event of the year was the €2 billion IPO of Hidroelectrica in Romania, Europe’s biggest IPO in 2023. This was Romania’s largest-ever IPO and played a role in reopening the market across the continent, thanks to a strong performance in the secondary market. It also helped reawaken the international capital market to the opportunities in central and eastern Europe.
Citi, whose regional investment bank is led by Marzena Fick, was global coordinator on the Hidroelectrica IPO, and it was central to an array of other deals in the region.
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