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SunEdison's YieldCo spinoff hikes IPO price range

  • SunEdison's (SUNE +0.9%) TerraForm Power (Pending:TERP) solar project YieldCo has hiked its IPO price range by $4 to $23-$25.
  • IPO Boutique says the offering, which is set to price tonight, and begin trading tomorrow, is "multiple times oversubscribed."
  • At the midpoint of the range, TerraForm would be worth $2.3B, and raising $547M. The company is selling 20.1M shares through the offering, and 2.7M through private placements.
  • SunEdison is set to own 67.2M shares post-IPO, and maintain 95.2% voting power.
  • Prospectus, IPO analysis
  • Prior TerraForm coverage
Comments (1)
  • ValueInvestor1982
    , contributor
    Comments (13) | Send Message
    18 Jul, 12:23 PM Reply Like
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