Quantcast


Last updated: September 27. 2013 11:37AM - 221 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Shares of Pattern Energy are on the rise after the wind power company raised more than $300 million in its initial public offering.


The 16 million shares priced $22 per share Friday, which is above expectations. The company expects $318.6 million in proceeds after expenses and underwriting discounts.


Shares of Pattern Energy Group Inc. rose $1.15, or 5.2 percent, to $23.15. The shares are trading on the Nasdaq Global Market under the ticker symbol "PEGI."


The underwriters of the IPO will have an option to buy another 2.4 million shares.


Pattern Energy is based in San Francisco and has eight projects in U.S., Canada and Chile.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com