LightBeam Electric (LEC) Files $100M IPO

LightBeam Electric Company (NYSE: LEC) filed a registration with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list on the NYSE under the ticker "LEC."

Underwriters on the offering arre BMO Capital Markets, Macquarie Capital, RBC Capital Markets, and Roth Capital Partners.

The company recorded no revenue in 2013 or 2014. Net loss was $1.075 million and $6.295 million in 2013 and 2014, respectively.

LightBeam Electric is a growth and yield oriented company formed to acquire and manage high quality clean and renewable electric generation projects with stable, long-term cash flow.

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