Property Investor Adventum Plans Budapest’s First IPO in Euros

Adventum Investment Fund Management Ltd., a Budapest-based property investor with assets across central Europe, is planning the first euro-denominated initial public offering on the Budapest Stock Exchange.

The IPO, targeted for this year, would add a third company on Hungary’s main exchange with shares trading in euros, all of which have significant revenue streams in the common currency. Euro pricing may also attract investors put off by the forint, one of the world’s most volatile currencies in the past year.

Adventum decided to list its shares in euros because its revenue stream and loans are primarily in that currency, founding ...