Abengoa Yield Seeks $600 Million in Initial Offering
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Abengoa Yield Plc, a unit of the Spanish energy company Abengoa SA, is seeking to raise as much as $600 million in an initial public offering in the U.S.
The amount is a placeholder used to calculate fees and may change. Citigroup Inc. and Bank of America Corp. will underwrite the offering, Seville, Spain-based Abengoa said today in a filing to the U.S. Securities and Exchange Commission. The company has applied to list its shares on the Nasdaq Stock Market under the ticker ABY.