Shares of Digi Communications surged 7.14% on their first day of trading on the Bolsa de Madrid, opening at €6 ($6.80) against an offer price of €5.60 ($6.40).
The premium reflects strong institutional and retail demand for the Romanian telecommunications operator, which has long been a staple of emerging-market telecom portfolios.
5% on its Nasdaq debut and Advit Jewels Ltd opening sharply higher on Indian exchanges.
The sharp opening gain underscores a broader trend of investor appetite for digital infrastructure and telecom equities in Europe.
Recent IPOs have seen similar first-day premiums, with digital infrastructure firm ITG jumping 12.5% on its Nasdaq debut and Advit Jewels Ltd opening sharply higher on Indian exchanges.
These moves suggest that despite macroeconomic headwinds, investors are actively seeking exposure to companies with stable cash flows and clear growth trajectories in the digital economy.
Digi Communications, led by CEO Serghei Bulgac, has been expanding its footprint in Romania and neighboring markets.