The company producing renewable energy and managing photovoltaic and wind projects «Grenergy», debuts this Monday on the Stock Exchange, in the Continuous Market, thus starring in the only operation of this type in 2019.
As reported by the company in a statement, the energy company will be released in listing mode at the price of the market close on Friday, when the session ended at 16.10 euros per share. However, there will be a prior auction, it will be at noon when all your shares will begin to be publicly traded.
After the placement of shares that Grenergy carried out last week, free float (or capital that circulates freely in the market) reaches approximately 32%. Thus, the company already has more than 1,400 shareholders.
Precisely, Grenergy, which has been listed on the Alternative Stock Market since 2015, has become in the one that has been most revalued in the Spanish Stock Exchange, multiplying its value more than 12 times when going from 31 million to more than 400 in just four years.
The Spanish firm combines in its business model the generation of energy with the rotation of assets, where has gone from 300 MW to 4,000 MW in development since then, incorporating an additional 1,500 in the last year alone.
For the founder and CEO of the company, David Ruiz de Andrés, this exit to the Continuous Market will help them to «strengthen our position as a leading actor in the renewable energy sector while expanding our shareholder base and offering greater liquidity to shareholders».
Grenergy Renovables is a Spanish company that was created in 2007, and that is listed on the Alternative Stock Market since 2015. It has a presence in Latin America, in countries such as Chile, Argentina, Mexico and Colombia with a glboal pipeline of more than 4 GW.
. (tagsToTranslate) grenenery (t) debut (t) bag