IPO Stock Watch: TerraForm Power Adds To IPO Pipeline
The list of companies planning to launch an IPO next week grew to eight with the addition of TerraForm Power (TERP), an owner and operator of solar energy power plants. TerraForm Power, a SunEdison (SUNE) spinoff, plans to raise $401 million with its initial public offering by selling 20.1 million shares at 19 to 21 each. Close peers in the group include NRG Yield (NYLD), which is up 131% since its IPO on July 17, 2013. Another peer is Abengoa