TPI Composites (TPIC) IPO Opens Modestly Higher

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Go back to TPI Composites (TPIC) IPO Opens Modestly Higher

TPI Composites Prices Initial Public Offering

July 21, 2016 7:51 PM EDT

SCOTTSDALE, Ariz., July 21, 2016 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) today announced the pricing of its initial public offering of 6,250,000 shares of common stock at a price to the public of $11.00 per share. In addition, TPI has granted the underwriters a 30-day option to purchase up to 937,500 additional shares of common stock from TPI at the initial public offering price, less underwriting discounts and commissions. TPIs initial public offering is a 100% primary offering.

The shares are expected to begin trading on The NASDAQ Global Market under the symbol TPIC on July 22, 2016. The offering is expected to close on July... More