SunEdison’s TerraForm Global Raises $675 Million in IPO
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TerraForm Global Inc., formed by SunEdison Inc. to acquire renewable-energy assets in emerging markets, raised $675 million in its initial public offering, pricing a reduced number of shares below the original range.
The company sold 45 million shares for $15 each, according to data compiled by Bloomberg. TerraForm amended its terms in a regulatory filing Friday, after initially saying it planned to offer 56.6 million shares for $19 to $21 each. The shares will be listed on the Nasdaq Stock Market under the symbol GLBL.