06.19.15
8point3 Energy Partners LP, a limited partnership formed by First Solar, Inc. and SunPower Corporation to own and operate a portfolio of selected solar energy generation assets, announced that it has priced an initial public offering (IPO) of 20,000,000 Class A shares, representing limited partner interests in 8point3 Energy Partners at a price of $21 per share.
In addition, the underwriters have a 30-day option to purchase up to an additional 3,000,000 shares from 8point3 Energy Partners at the IPO price, less the underwriting discount. The shares of 8point3 Energy Partners will be listed on the NASDAQ Global Select Market under the symbol CAFD and begin trading on June 19, 2015.
8point3 Energy Partners intends to use all of the net proceeds of the IPO to purchase the common units of 8point3 Operating Company, LLC, the entity that holds 8point3 Energy Partners’ project assets.
In addition, the underwriters have a 30-day option to purchase up to an additional 3,000,000 shares from 8point3 Energy Partners at the IPO price, less the underwriting discount. The shares of 8point3 Energy Partners will be listed on the NASDAQ Global Select Market under the symbol CAFD and begin trading on June 19, 2015.
8point3 Energy Partners intends to use all of the net proceeds of the IPO to purchase the common units of 8point3 Operating Company, LLC, the entity that holds 8point3 Energy Partners’ project assets.