Smarttia / Infrastructure / Insights
Greenalia, Smarttia’s renewable energy subsidiary, makes its debut on the Alternative Stock Market with strong market reception.
November 29th, 2017 / Infrastructure
Smarttia / Infrastructure / Insights
November 29th, 2017 / Infrastructure
Greenalia, a Galician company specialized in the development of renewable energy projects, began trading today on the Alternative Stock Market (MAB), taking a significant step in its corporate evolution and marking the start of a new stage as a listed company.
The IPO took place at a reference price of €2.03 per share, placing the company’s initial market capitalization at around €43 million, according to information published by various financial media. In its first trading session, the stock received a positive market response, with gains compared to its listing price, reflecting investor interest in the renewable energy sector.
Greenalia trades on the MAB under the ticker GNR, within the growth companies segment, and its shares are traded through the fixing system. Its admission to the Alternative Stock Market comes at a time of increasing market attention toward companies linked to the energy transition and business models based on renewable sources.
The company operates in the renewable energy sector, with projects related to technologies such as biomass and wind energy, and has initiatives at different stages of development. Becoming a listed company will allow Greenalia to strengthen its visibility, improve its positioning in financial markets, and advance the development of its projects.
With this milestone, Greenalia begins a new phase aimed at consolidating its presence in the renewable energy sector and continuing its evolution in an environment of sustainable energy market growth.