Romania regulator clears Electro Alfa IPO prospectus

Romania’s financial regulator ASF has approved the IPO prospectus of Electro Alfa, allowing the electrical equipment maker to proceed toward a public listing. The clearance enables investor marketing and book building ahead of the share sale. Analysts said the approval signals improving confidence in regional capital markets, as issuers cautiously return to equity fundraising amid stabilising inflation and broader European market conditions this year outlook.