Markets

Indian solar power producer Azure Power files for a $100 million IPO

A generic image of money, charts and a laptop.
Credit: Shutterstock photo

Azure Power, a indian low-cost utility scale solar power producer, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The Madangir, India-based company, which was founded in 2009 and booked $22 million in sales for the 12 months ended June 30, 2015, plans to list on the NYSE under the symbol AZRE. Azure Power filed confidentially on 3/6/2015. Barclays is the sole bookrunner on the deal. No pricing terms were disclosed.

The article Indian solar power producer Azure Power files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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


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

Other Topics

IPOs

Latest Markets Videos