Enel GP IPO labouring in final week of offer: sources

MILAN (BestGrowthStock) – The initial public offering of Italian utility Enel’s (ENEI.MI: ) renewable unit is finding the going tough in the final week of book building, banking sources said on Tuesday.

The retail offer for the Enel Green Power IPO is going very well but the institutional offer is finding it fairly difficult, they said.

“There’s a lot of interest but the price is a bit on the high side,” one of the sources said.

Enel declined to comment. (Reporting by Stephen Jewkes)

Enel GP IPO labouring in final week of offer: sources