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Hannon Armstrong prices IPO at $12.50, below the range

By: Renaissance Capital
Posted: 4/17/2013 7:07:00 PM
Referenced Stocks: HASI

Hannon Armstrong, a REIT that provides financing for clean energy and other infrastructure projects, raised $167 million by offering 13.3 million shares at $12.50, below the range of $14.00 to $16.00. Hannon Armstrong plans to list on the NYSE under the symbol HASI. BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities acted as lead managers on the deal.