Tag Archives: semi

SunEdison Raises Funding For First Wind Acquisition

SunEdison (SUNE) announced Friday it’s raised $590 million to help fund the acquisition of First Wind, a Boston-based renewable energy company. SunEdison raised $190 million through a secondary offering of SunEdison Semiconductor (SEMI) shares. The secondary offering was priced on Jan. 14, enabling SunEdison to sell some 12.9 million shares. St. Peters, Mo.-based SunEdison operates through two business segments: Semiconductor Materials and Solar

IPO Stock Watch: SunEdison Semi Up Post IPO Debut

SunEdison Semiconductor (SEMI) stock was up 4.5% in afternoon trading Friday, near 15.70, following a 15% rise in the initial public offering’s debut on Thursday. The silicon wafer manufacturer was spun out of solar technology company SunEdison (SUNE). The IPO raised $94 million by offering 7.2 million shares at 13, the low end of its estimated range. The company also raised $100 million from major customer Samsung in a concurrent private