Noble Environmental Power (NEPI) Files $375M IPO
Noble Environmental Power (Nasdaq: NEPI) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $375 million. The company plans to list on the NASDAQ under the stock symbol "NEPI".
The offering is being made through Lehman Brothers, JPMorgan and Credit Suisse.
Noble is a rapidly growing wind energy company operating 282 megawatts, or MW, of electrical generating capacity with more than 950 MW of additional capacity that it expects to commence operating during 2008 and 2009. Noble is focused on developing, financing, constructing, owning and operating windparks in attractive energy markets in the United States. [BCS]
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