TPI Composites (TPIC) IPO Opens Modestly Higher

Today's IPO for TPI Composites, Inc. (NASDAQ: TPIC) opened for trading at $11.41 after pricing 6,250,000 shares of common stock at a price to the public of $11.00 per share.

J.P. Morgan and Morgan Stanley are acting as joint book-running managers for the offering. Cowen and Company, Raymond James and Canaccord Genuity are acting as co-managers.

TPI Composites, Inc. is the largest U.S.-based independent manufacturer of composite wind blades for the wind energy market. TPI delivers high-quality, cost-effective composite solutions through long term relationships with leading wind turbine manufacturers. TPI is headquartered in Scottsdale, Arizona and operates factories throughout the U.S., Mexico, China and Turkey.

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