Greenvolt, a Portugal-based renewable energy firm, raised €150 million (~$177 million) in an initial public offering (IPO) to fund its expansion, including in European solar parks and wind farms. The IPO values Greenvolt above €500 million (~$591 million). Greenvolt shares started trading under the symbol GVLOT on the Euronext Lisbon from Thursday. Greenvolt priced 30.59 million shares at €4.25 (~$5.02) per share – at the bottom of its initially set range that went up to €5 (~$6). A greenshoe option of up to 4.59 million additional shares open to the joint global coordinators of the offering will be exercised, it said.