Spanish renewables firm Opdenergy seen pricing IPO at bottom of range
Opdenergy is expected to price its initial public offering (IPO) at 4.75 euros per share, the bottom of its indicated range, which would value the Spanish renewable energy firm at 703 million euros ($716 million), one of the joint bookrunners said on Thursday.
Source: www.reuters.com
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MADRID (Reuters) - The expected price of new shares to be issued by Spanish renewable energy company Opdenergy is 4.75 euros, at the bottom of the indicated range, the bookrunner said on Thursday.
The final price will be set on Thursday, with the company expected to start trading on the Madrid stock market on Friday in what will be the first new listing this year.
Reporting by Inti Landauro and Lucy Riano; Editing by David Goodman
