NRG Energy Announces Commencement of 19.575M Share IPO of NRG Yield at $19.00-$21.00/Share
NRG Energy, Inc. (NYSE: 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."