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Spain’s Opdenergy plans market debut on July 22
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MADRID (Reuters) – Spanish renewable power group Opdenergy plans to start trading on July 22 following the approval of its initial public offering by the supervisor, the company said in a statement late on Wednesday.
MADRID (Reuters) – Spanish renewable power group Opdenergy plans to start trading on July 22 following the approval of its initial public offering by the supervisor, the company said in a statement late on Wednesday.
Opdenergy’s is planning to set its final price on July 21 after previously determining a price range at between 4.75 euros and 5.40 euros ($4.75 and $5.40) per share, valuing the business at up to 572 million euros ($572.5 million) before the offering of new shares, the company said.
Opdenergy, which operates solar parks in Europe and Latin America, hopes to raise 200 million euros to finance its business plan through 2025.
($1 = 0.9994 euros)
(Reporting by Christina Thykjaer; editing by Jesús Aguado)
An initial public offering (IPO) is the process through which a private company offers shares to the public for the first time, allowing it to raise capital from public investors.
Equity refers to the ownership interest in a company, represented by shares. It signifies the value of ownership after all liabilities have been deducted.
Renewable energy is energy generated from natural resources that are replenished constantly, such as solar, wind, and hydroelectric power.
A share price is the cost of purchasing a single share of a company's stock, which fluctuates based on market demand and supply.
A business plan is a formal document that outlines a company's goals, strategies, and the means to achieve them, often used for securing funding.
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