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SKYS News

A mighty wind: Northern Power Systems files for a $30 million US public offering

NPS

Northern Power Systems, which designs, manufactures and licenses next-generation wind turbines, filed on Monday with the SEC to raise up to $30 million in a US initial public offering. Its stock is thinly traded on the Toronto Stock Exchange under the symbol NPS, and the company commands a market value of about $50 million. The most recent alternative energy IPO, Sky Solar...read more

US IPO Weekly Recap: Virgin America flies high as IPO market reaches 250 with 9 new offerings

VA

9 companies went public this week, raising $2 billion in the IPO market as year-to-date issuance surpassed 250 IPOs, almost 25% more than at this point last year. 3 large PE-backed deals, including two LBOs, each traded up over 10% and represented 79% of proceeds, while the 4 smallest companies by market cap had the lowest returns. Even with the S&P 500 near all-time highs,...read more

Sky Solar Holdings prices IPO at $8

Sky Solar Holdings, a Chinese developer, owner and operator of globally distributed solar energy assets, raised $44 million by offering 5.5 million shares at $8, the high end of the range of $7 to $8. Sky Solar Holdings plans to list on the NASDAQ under the symbol SKYS. Sky Solar Holdings initially filed confidentially on 4/15/2014. Roth Capital acted as a lead manager on the deal...read more

Sky Solar revises terms for IPOs and changes underwriters

Sky Solar revised terms for its IPO on Monday. The company now plans to raise up to $48 million by offering 6.0 million ADSs at a range of $7-$8. Before postponing its IPO last Thursday, Sky Solar had planned to raise $138 million by offering 12.5 million ADSs at a range of $10-$12. Sky Solar also replaced bookrunners FBR and Cowen & Company with Roth Capital (formerly a...read more