|Bid||150.80 x 0|
|Ask||151.00 x 0|
|Day's range||148.30 - 151.90|
|52-week range||85.15 - 151.90|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||20.69|
|Earnings date||04 Nov 2021|
|Forward dividend & yield||3.92 (2.72%)|
|Ex-dividend date||05 Jul 2021|
|1y target est||82.20|
Spain's Acciona is targeting a valuation of 8.8 billion euros ($10.47 billion) for the listing of its renewable energy unit after marketing the deal at the lowest end of its original range, the company said in a statement on Tuesday. Acciona trimmed the price of shares in Acciona Energia, its most profitable unit, to 26.73 euros per share from an initial range of 26.73-29.76 euros, the statement, published on market supervisor CNMV, said, confirming an earlier Reuters report. The offering consists of 49,387,588 shares, or 15% of the company, plus 15% of the over-allotment option, listing up to 17.25% - down from initial plans to list up to 25% of the energy unit, plus 15% of the greenshoe option, which would have meant listing up to 28.75% of Acciona Energia.
With markets awash with liquidity, this summer could see new records for energy IPOs both in the domestic market and globally
Acciona decided to trim the price at which it will sell shares in its most profitable unit to 26.73-27.50 euros per share, from an initial range of 26.73-29.76 euros. Acciona Energia is due to start trading on the Madrid stock market on July 1, in one of the biggest listings in a record year so far in Europe. Spurred by a global drive to reduce planet-warming carbon emissions, Acciona plans to use the proceeds to add to a renewable generation fleet currently dominated by wind farms in the United States, Australia, Spain, Chile and Mexico, by 2025.