The current shareholders of the Company will not sell any of their shares in the offer and will subscribe new shares for an aggregate amount of €5 million. Solarpack is expected to have a market value of between € ##18 m ( $ 295 m ) and € 306 m following its initial public offering ( public ) on 5 December . The company will increase its capital by between 38.5 % and 40.7 % through the sale of 12.5 million to 13.75 million additional shares , at a range of € ##5 to € 10.30 . Part of the funds raised from the IPO will be used to acquire 500 MW of operating Spanish assets and to finance the development and construction of projects in Chile , India and Spain .
Solarpack is expected to have a market value of between € ##18 m ( $ 295 m ) and € 306 m following its initial public offering ( public ) on 5 December . The company will increase its capital by between 38.5 % and 40.7 % through the sale of 12.5 million to 13.75 million additional shares , at a range of € ##5 to € 10.30 . Part of the funds raised from the IPO will be used to acquire 500 MW of operating Spanish assets and to finance the development and construction of projects in Chile , India and Spain .