Shares of tour operator Christian Tour began trading on the Bucharest Stock Exchange on Monday, June 22, making the company the first in the Romanian travel tourism sector to go public. Christian Tour carried out the Initial Public Offering between May 21 and 28 and gathered RON 149 million (EUR 28.4 million), with a final subscription rate of 121%, with both retail and institutional investors participating above the available offer level. The company will actually receive around RON 121.8 million from the capital increase, money that it will direct toward expansion, digitalization, and acquisitions in a tourism market that is still highly fragmented. However, the final offer price was set at RON 1.895 per share, very close to the lower limit of the price range announced in the prospectus, of RON 1.875โ2.135 per share.