Soltec Power IPO to price at top of the range

By Aidan Gregory
26 Oct 2020

The IPO of Soltec Power, the Spanish maker of solar trackers for renewable energy generation, is due to be priced at €4.82, the top of the initial range, after attracting strong demand from investors keen to add stocks with strong ESG credentials to their portfolios during the pandemic.

A source close to the deal said on Monday morning that orders below €4.82 risked missing out on allocations. The books are set to close on Monday afternoon, a day earlier than initially planned, after the IPO got covered throughout the range earlier in the bookbuilding process.

Banco Santander ...

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