AZRE News

Four IPOs raised $816 million this week, led by Extraction Oil & Gas. The company broke a 2-year drought in IPOs from energy E&Ps and popped 15%, while the week's other three IPOs broke issue. Two had double-digit drops, the year's worst debuts outside the biotech sector. The last time one week had three IPOs end their first day negative was October 2015. With 10 IPOs...read more

Azure Power Global, an Indian low-cost solar power producer with 357 MW of capacity, raised $61 million by offering 3.4 million shares at $18, below the range of $21 to $23. Azure Power Global plans to list on the NYSE under the symbol AZRE. Barclays and Credit Suisse acted as lead managers on the deal....read more

Three energy-related IPOs plan to raise about $750 million in the week ahead. Two have direct exposure to oil prices, including Extraction Oil & Gas, which plans to raise $550 million as the first E&P to go public in over two years. An oilfield services company and an India-based solar power producer round out the group. ...read more

Azure Power Global, an Indian low-cost solar power producer with 357 MW of capacity, lowered the proposed deal size for its upcoming IPO on Monday. The Madangir, India-based company now plans to raise $75 million by offering 3.4 million shares (28% insider) at a price range of $21 to $23. The company had previously filed to offer 6.8 million shares at a range of $21 to $23. At...read more