LONDON/MADRID (Reuters) – Opdenergy is expected to price its initial public offering (IPO) at 4.75 euros per share, the bottom of its indicated range, which would value the Spanish renewable energy firm at 703 million euros ($716 million), one of the joint bookrunners said on Thursday. Opdenergy, which operates solar parks in Europe and Latin America, will be the first new listing on the Spanish stock market this year amid a IPO drought in the United States and Europe that has dealt a blow to investment banks. On Wednesday, price guidance for Opdenergy’s IPO was narrowed to 4.75-4.90 euros per…