Green Tech International Powers Up Geothermal Innovation with Successful IPO on Bucharest Stock Exchange
Green Tech International: Powering the Future of Geothermal Energy with a Successful IPO By: Robert Buluma Bucharest, February 10, 2025 – Green Tech International S.A. (BVB ticker: GREEN), a trailblazer in geothermal energy solutions and the owner of one of Europe’s largest portfolios of deep geothermal wells, has announced the triumphant completion of its Initial Public Offering (IPO) on the Bucharest Stock Exchange. With shares priced at RON 15.00 (approximately EUR 3 per share), the company now boasts a market valuation of RON 1199 million (EUR 241 million). Trading officially kicked off on February 7, 2025, marking a significant milestone for the renewable energy sector. Geothermal has been mincing companies long money and just recently we showcased how KenGen had surpassed its previous financial rakings with Geothermal being a key factor. This IPO unlocks access to an impressive EUR 135 million Subscription Facility from GEM Global Yield LLC SCS, a leading investm...