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Gaining interest in green investing
This Thursday will be a key day for the future of "green" investment. Iberdrola, the largest renewable energy operator in the world, is selling 20 percent of its clean-energy unit on the Madrid Stock exchange. The company is hoping to raise anywhere between $32-$43 billion.
The IPO share price is being set today based on the level of interest by potential investors. For the domestic Spanish market, the demand for these shares is three times the offer.
Other clean energy companies will be following this IPO carefully. It's the moment of truth to find out if investors are really going to throw money into the green sector.
Posted on December 10, 2007 7:24 AM PT | Permalink
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