Soltec Power IPO to price at top of the range

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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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