Holaluz, has completed its initial public offering and listing on the growth-companies segment of the Spanish Alternative Equity Market (MAB).

The Spanish power company, Holaluz has completed at the end of November, its initial public offering and listing on the growth-companies segment of the Spanish Alternative Equity Market (MAB).

The company at its premiere at the MAB, with increases of 14.4%, extends its escalation to exceed the threshold of 200 million€ of capitalization. The shares of the 100% renewable electricity trading company repeat double-digit increases on their second trading day. 

The second consecutive day of climbing the price of Holaluz raises its revaluation with respect to the price set for its stock market premiere above 25%. The 100% renewable electricity trading company not only dazzles by its increases. In the first hour of the day the company exceeds one million euros of negotiation, a figure that multiplies by four those registered by the second most active MAB company, Grenergy.

The limited ‘free float’ of Holaluz, 25.25%, reinforces bullish pressures in times of clear predominance of purchase orders, as has been happening in its first days as listed.

The premiere of Holaluz offers MAB investors a different company profile. The company’s plans, to others, clearly go through making the leap to the Continuous Market “as soon as possible”. International investors have had a prominent role in the incorporation of Holaluz into the MAB (by monopolizing 44% of the new investments), attracted by their profile and business plans, which increase their income by five times, up to one thousand million euros in 2023, and reach 70 million ebitda.

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