Exclusive: Demand for Abengoa Yield IPO was 16 times offer - Abengoa CEO

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Demand for shares in the initial public offering of renewable energy firm Abengoa Yield Plc was $10 billion, more than 16 times what was on offer, the chief executive of Spanish parent company Abengoa told Reuters on Friday.

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The class="mandelbrot_refrag">banks handling the share sale would sell a greenshoe package of 3.727 million shares in the coming hours, CEO Manuel Sanchez Ortega said by telephone from New York.

The shares priced earlier on Friday at $29 per share, valuing Abengoa Yield at around $2.32 billion.

(Reporting by Jose Elias Rodriguez; Writing by Fiona Ortiz; Editing by Sonya Dowsett)

 
 
 

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