Factbox: Details of Enel Green Power IPO

(BestGrowthStock) – Italian power giant Enel kicked off the sale of almost a third of renewable energy arm Enel Green Power, targeting up to 3.4 billion euros ($4.75 billion) in what is set to be Europe’s biggest initial public offering in three years.

Following are some financial details of the IPO:

* PRICE RANGE: 1.8 to 2.1 euros

* SHARES OFFERED: 1.415 billion shares, equivalent to a free float of 28.3 percent of Enel Green Power

* GREENSHOE: the IPO will include a greenshoe option for professional investors of 15 percent of the offer, bringing the total stake on sale to 32.5 percent

* TIMETABLE: The bookbuilding starts on October 18, when Enel is due to kick off the roadshow of Enel Green Power in Milan. Offer due to close on October 28, ahead of market debut on November 4.

* DUAL LISTING: Enel Green Power will be listed in Milan and Madrid

* RETAIL OFFER: Enel will offer at least 212,250,000 shares to retail investors, or 15 percent of the global offer (12.5 percent in Italy and 2.5 percent in Spain)

* BONUS SHARE: one free share for every 20 shares kept for at least 12 months

* DIVIDEND: payout seen at 30 percent, in line with peers

* BANKING SYNDICATE: Mediobanca, Credit Suisse, Banca Imi, Goldman Sachs, JP Morgan, Bank of America-Merrill Lynch, Morgan Stanley, Barclays, BBVA and UniCredit.

($1=.7153 Euro)

(Compiled by Antonella Ciancio and Lisa Jucca; Editing by Hans Peters)

Factbox: Details of Enel Green Power IPO