NRG Energy Announces Commencement of 19.575M Share IPO of NRG Yield at $19.00-$21.00/Share

NRG Energy, Inc. NRG, today announced that its wholly owned subsidiary, NRG Yield, Inc. (“NRG Yield”), has commenced an initial public offering of shares of its Class A common stock. NRG Yield is offering 19,575,000 shares of its Class A common stock to the public. In addition, the underwriters have a 30-day option to purchase up to an additional 2,936,250 shares of the Class A common stock from NRG Yield at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $19.00 and $21.00 per share of Class A common stock. Application has been made to list the Class A common stock of NRG Yield on the New York Stock Exchange under the symbol "NYLD." See full press release
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidanceContractsManagementIPOsGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!