Credit: Shutterstock photoTPI Composites, a manufacturer of composite blades used in wind turbines, raised $69 million by offering 6.3 million shares at $11, the low end of the revised range of $11 to $12. The company had originally filed to sell 7.3 million shares at $15-$17. Insiders indicated an interest in purchasing $13.5 million (20%) of the deal. TPI Composites plans to list on the Nasdaq under the symbol TPIC. J.P. Morgan and Morgan Stanley acted as lead managers on the deal.
The article TPI Composites prices IPO at $11, low end of the revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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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.
