Opdenergy’s IPO stock price forecast has narrowed to the lower end of the range, according to the bookrunner
MADRID, July 20 (Reuters) – The price forecast for Spanish renewable energy company Opdenergy’s newly issued shares has narrowed to the lower end of the indicative range, the bookrunner said on Wednesday.
The share price of the oversubscribed offering was narrowed to €4.75 ($4.84) and €4.90 per share from a range of €4.75 and €5.4, the bookrunner said. Continue reading
The final price will be set on Thursday, with the company expected to start trading on the Madrid Stock Exchange on Friday in what will be its first listing so far this year. Continue reading
($1 = 0.9812 euros)
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Reporting by Lucy Raitano; Writing Inti Landauro; Adaptation of Jesus Aguado
Our standards: The Thomson Reuters Trust Principles.
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