CAFD News

Eight IPOs raised $2.3 billion this past week. High-growth consumer deals Fitbit and Fogo de Chão came out on top. This week featured a diverse set technology, consumer, energy, health care and industrial IPOs, none of which priced below the proposed midpoint. The largest first-day pops and drops tend to come from smaller companies, but Fitbit ($5 billion...read more

8point3 Energy Partners, a solar energy yield vehicle formed by First Solar and SunPower, raised $420 million by offering 20 million shares at $21, the high end of the range of $19 to $21. 8point3 Energy Partners plans to list on the NASDAQ under the symbol CAFD. Goldman Sachs, Citi, Deutsche Bank, J.P. Morgan and Credit Agricole CIB acted as lead managers on the deal....read more

Fitbit leads this week's 11 companies looking to raise over $1.7 billion through US initial public offerings. A good FIT Fitbit (FIT) flexes its muscle with the week's largest IPO; the deal size is set at $448 million, though it could raise more based on investor demand. Fitbit has...read more

8point3 Energy Partners LP, a solar energy yieldco formed by photovoltaic cell manufacturers First Solar and SunPower, announced terms for its IPO on Wednesday. The San Jose, CA-based company plans to raise $400 million by offering 20 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a market value of $1.4 billion. First...read more