TerraForm Global prices IPO at $15, in line with revised expectations

TerraForm Global, a SunEdison-backed yieldco that owns renewable energy assets in emerging markets, raised $675 million by offering 45 million shares at $15, in line with the revised expectations it filed Friday morning. The company had originally planned to sell 56.6 million shares at $19-$21. TerraForm Global plans to list on the Nasdaq under the symbol GLBL. J.P. Morgan, Barclays, Citi, Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank acted as lead managers on the deal.