NRG Yield prices IPO at $22, above the range; offers an initial 5.5% yield

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NRG Yield, which owns conventional, renewable and thermal power generation assets, raised $431 million by offering 19.6 million shares at $22, above the range of $19 to $21. Based on the company's initial $0.30 quarterly dividend, it yields 5.5% at the offer price. NRG Yield plans to list on the NYSE under the symbol NYLD. BofA Merrill Lynch, Goldman Sachs and Citi acted as lead managers on the deal.




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: NYLD

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