TerraForm Global Priced, Nasdaq: GLBL

SunEdison-backed yieldco that owns renewable energy assets in emerging markets.

Industry: Utilities

Latest Trade: $4.88 0.00 (0.0%)

First Day Return: -6.7%

Return from IPO: -67.5%

Industry: Utilities

We are a high-growth, globally diversified renewable energy company that owns long-term contracted wind, solar and hydro-electric power plants. Our business objective is to increase our dividend to stockholders by continuing to acquire, from SunEdison and unaffiliated third parties, clean power generation assets that produce high-quality, long-term contracted cash flows, primarily by serving utility and commercial customers with strong credit profiles. Our initial target markets will be China, Brazil, India, South Africa, Honduras, Costa Rica, Peru, Uruguay, Malaysia and Thailand. Several of these markets, including China, Brazil and India, are expected to be among the fastest growing solar and wind energy markets worldwide from 2015 to 2020 in terms of annual installations and capital investment in renewable energy projects.
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IPO News for TerraForm Global
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IPO Data
IPO File Date 05/07/2015
Offer Price $15.00
Price Range $15.00 - $15.00
Offer Shares (mm) 45.0
Deal Size ($mm) $675
IPO Data
IPO Date 07/31/2015
Offer Price $15.00
Price Range $15.00 - $15.00
Offer Shares (mm) 45.0
Deal Size ($mm) $675
Underwriters
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Company Data
Headquarters Bethesda, MA
Founded 2014
Employees
Website www.sunedison.com