IPO News Archive
Emerging market energy infrastructure operator AEI sets IPO terms and timing
10/14/09
AEI, which operates power and natural gas infrastructure in Latin America, Europe and Asia, announced terms for its IPO on Wednesday. The company plans to raise $750 million by offering 50 million shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, AEI will command a market value of $3.9 billion. AEI, which was founded in 2003 and booked $8.3 billion in sales over the last 12 months, plans to list on the NYSE under the symbol AEI. Goldman Sachs, Credit Suisse, Citi and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of Oct. 26.
Source: www.RenaissanceCapital.com