Wind power company Pattern’s shares rise 10 percent in debut

September 28, 2013 by  
Filed under Green Energy News

Fri Sep 27, 2013 10:35am EDT

(Reuters) – Shares of wind farm operator Pattern Energy Group Inc (PEGI.O) rose 10 percent in their debut, valuing the company at about $1.24 billion.

The company raised about $352 million after pricing its IPO of 16 million Class A common stock at $22 per share, just above its expected price range.

The California-based company has interests in eight wind power projects in the United States, Canada and Chile with a combined capacity of 1,041 megawatts.

(Reporting by Avik Das in Bangalore; Editing by Maju Samuel)

Comments are closed.