Abstract
After the summer 2006, Croatian Government started the second phase of privatization of Croatian oil company INA. 15% shares were sold to Croatian citizens in the initial public offering. Each of them had a chance to buy shares worth up to 38 000 kunas. The first day of trading on stock exchanges in Zagreb and London showed that the decision of buying shares of INA was good. The price increase was very high and the shareholders could earn already on the first day of trading.
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