When SunEdison Inc. Chief Executive Officer Ahmad Chatila sold shares in his second power-plant holding company to the public in July, he already suspected the offering might not draw enough investors.
He was right. TerraForm Global Inc. declined $1 in its trading debut and has never risen above its $15 IPO price. The Bethesda, Maryland-based company rose 1 percent to $9.03 at the close in New York.