Soltec Power rides ESG momentum with €150m IPO

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By Aidan Gregory
22 Oct 2020

Soltec Power Holding, the Spanish maker of solar trackers for renewable energy generation, has narrowed the price range for its IPO on the Spanish Stock Exchange, after the deal was covered shortly after the launch of bookbuilding earlier this week.

The range has been trimmed to €4.50 to €4.82 a share, towards the top end of the initial €3.66 to €4.82 range, suggesting strong investor demand.

At the top of the revised range, Soltec Power will achieve a post-money valuation of €440m.

Bookbuilding began on Friday, October ...

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