Disappointing IPO of Iberdrola Renovables chills 2008 ECM hopes
The Eu4.07bn IPO of Iberdrola Renovables, the Spanish renewable energy group, cast a shadow over the equity capital markets’ prospects for 2008 when it was priced at the bottom of the range this week. The shares fell sharply when they began trading yesterday (Thursday).
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts