- 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