First Solar and SunPower’s 8point3 Energy IPO Nets $420 Million
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8point3 Energy Partners LP, the renewable energy partnership formed by First Solar Inc. and SunPower Corp., raised $420 million in a Nasdaq initial public offering.
8point3 sold 20 million shares at $21 each, the high end of its projected pricing range, and may sell an additional 3 million shares to the deal’s underwriters within 30 days, according to a statement Friday. The company, which will trade under the symbol CAFD, said June 10 it was seeking to raise as much as $483 million.