Seeking Alpha

SunEdison's TerraForm prices IPO at $25

  • TerraForm's (Pending:TERP) IPO price is at the high end of an elevated $23-$25 range, and spells a $2.37B valuation. Shares begin trading tomorrow.
  • The SunEdison (NYSE:SUNE) solar project spinoff will reap net IPO proceeds of $371.2M, and gross proceeds of $65M from private placements. The funds will be used to pay down debt, and potentially to buy solar project assets.
  • Prospectus, IPO analysis
  • Prior TerraForm coverage
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Comments (2)
  • King Rat
    , contributor
    Comments (922) | Send Message
     
    Very cool IPO, but the ticker evokes the image of a turtle for some reason. Maybe I have spent too much time in Maryland.
    17 Jul 2014, 10:36 PM Reply Like
  • sstorey
    , contributor
    Comments (23) | Send Message
     
    Is the turtle bullish?
    18 Jul 2014, 12:45 AM Reply Like
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