“Energy for the stock market”

innogy’s stock market debut on 7 October could turn into Germany’s largest initial public offering (IPO) since 2000, writes Jürgen Flauger in Handelsblatt. innogy - RWE’s renewable spin-off - wants to attract investors interested in a stable and reliable development rather than leaps and bounds, because its profits are calculable and also limited by government regulations. The current price range means innogy would be worth more than twice as much as parent company RWE, Germany’s largest coal power producer. RWE’s current market capitalisation is nine billion euros, while E.ON is worth only 12.8 billion and its spin-off Uniper a mere 3.8 billion. “innogy is likely to become Germany’s most valuable utility right from the start,” writes Flauger.