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Opdenergy, an independent Madrid-based producer focused on renewable energy, has announced its first public offering of the year. The plan arrives after a period of market constancy and a cautious wait that positions Opdenergy to re-enter trading with a measured step forward. The IPO is priced at 4.75 euros per share, a figure that marks the lowest end of the price range the company proposed during its preparation phase. Based on this price, the company’s valuation stands at approximately 503 million euros. A capital increase is anticipated, with the potential to lift the overall market valuation to around 703 million euros as the process advances. [CNMV] [Opdenergy]
The prospectus, approved by the National Securities Market Commission (CNMV) and reported by Opdenergy in an official statement, specifies the issuance of 42 million new shares, representing an increase of around €200 million in capital. When fully liquidated, the three founders currently sharing ownership are expected to hold roughly 70% of the company’s capital. This structure aims to balance investor participation with strong founder alignment as Opdenergy pursues an aggressive growth plan. [CNMV] [Opdenergy]
As Opdenergy progresses toward trading, the company communicates a clear strategy to fund expansion over the next three years and advance its development of renewable energy projects. The plan hinges on a blend of profitability and a business-oriented approach that prioritizes sustainable scale. To date, Opdenergy has developed projects with a gross capacity of 2.4 gigawatts and maintains a robust pipeline of about 11 gigawatts in various stages of development, including several pre-construction opportunities. This portfolio reflects a deliberate path from initial project execution to long-term asset management and revenue diversification. [Opdenergy] [CNMV]
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The IPO is designed to support this growth trajectory through staged participation. The first tranche targets investors prepared to commit at least 100,000 euros for share bundles. In the second phase, eligible employees of the group will gain access to the company’s capital, while the third phase may enable selected high-level executives and closely associated individuals to acquire shares. A final phase would open the offering to other interested investors, broadening the ownership base and increasing liquidity for the stock. This multi-stage approach aims to balance early participation with long-term, broad-based shareholder engagement. [Opdenergy] [CNMV]
The official market launch is scheduled for Friday, July 22, with trading set to begin promptly at noon. The event will take place at the Madrid Stock Exchange, with Opdenergy trading under the ticker OPDE. The timing follows a period of strategic recalibration after the initial public offering was postponed, signaling a renewed confidence in the company’s ability to execute its growth plan and deliver value to investors over the coming years. [CNMV] [Opdenergy]