TerraForm Power prices IPO at $25, high end of the revised range

By Renaissance Capital,

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TerraForm Power, a spinoff of SunEdison that owns contracted solar generation assets, raised $502 million by offering 20.1 million shares at $25, the high end of the revised range of $23 to $25. The company had originally planned to price at $19-21. TerraForm Power plans to list on the NASDAQ under the symbol TERP.Goldman Sachs, Barclays, Citi, JPMorgan and Macquarie 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 Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: TERP

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