Opdenergy IPO expected to price shares at bottom of range

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MADRID (Reuters) – The expected price of new shares to be issued by Spanish renewable energy company Opdenergy is 4.75 euros, at the bottom of the indicated range, the bookrunner said on Thursday.

The final price will be set on Thursday, with the company expected to start trading on the Madrid stock market on Friday in what will be the first new listing this year.