First public offering of the year. at least until now constant market. this independent producer renewable energy opdenergy It will be released this Friday with a share of 4.75 euros. This price, which is the lowest figure in the range that the company thought when announcing that it was preparing to make a splash, means valuing the company at 503 million euros. The thing is, this Madrid-based firm is planning a capital increase that will predictably increase its market value to 703m euros.
as stated in the prospectus approved by National Exchange Commission (CNMV) and Opdenergy in a statement, the proposal includes the issuance of 42 million new shares worth €200 million. When this operation is liquidated, the three entrepreneurs who now share ownership of the company will own approximately 70% of its capital.
As the company progresses when it announces its intention to start trading (almost a year after backing down and canceling its initial public offering), the goal is to fund its expansion over the next three years and continue to evolve. renewable energy projects Together “profitable” and “business-oriented” strategy. To date, Opdenergy has managed projects equivalent to 2.4 gigawatts of power (some still in the pre-construction phase) and has a pipeline of approximately 11 gigawatts under development.
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The IPO, which aims to finance this growth strategy, is designed at different stages. The first tranche will be for investors who are willing to pay at least 100,000 euros for share packages, in the second stage certain employees of the group will be given access to the company’s capital, and thirdly, shares will be purchased. “specific members” may be allowed. high direction, CEO and some people who are closely associated or connected with the company.” Finally, the operation will be opened to any interested investors.
The process will begin at noon on Friday, July 22, right after the Opdenergy CEO. louis cidfrom traditional ringtone Palace of the Madrid Stock Exchange. The company will trade under the acronym OPDE.