NextEra Energy Partners increases range to $23 to $25; deal size is now $390 million

By
A A A

NextEra Energy Partners, LP, formed by NextEra Energy to operate ten wind and solar energy projects, raised the proposed deal size for its upcoming IPO on Wednesday. The Juno Beach, FL-based company now plans to raise $390 million by offering 16.3 million shares at a price range of $23 to $25. The company had previously filed to offer shares at a range of $19 to $21. At the midpoint of the revised range, NextEra Energy Partners, LP will raise 20% greater proceeds than previously anticipated. NextEra Energy Partners, LP, which was founded in 2014 and booked $169 million in sales for the 12 months ended 3/31/2014, plans to list on the NYSE under the symbol NEP. NextEra Energy Partners, LP initially filed confidentially on 4/4/2014. BofA Merrill Lynch, Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. It is expected to price during the week of June 23, 2014.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: NEP

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

50%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com