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Solar energy spinoff Abengoa Yield files for a $600 million IPO

April 1, 2014
ABY

Abengoa Yield, a solar and electricity transmission yieldco spun out of Spanish energy company Abengoa, filed on Tuesday with the SEC to raise up to $600 million in an initial public offering. The Leeds, United Kingdom-based company, which was founded in 1983 and booked $211 million in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol ABY. Abengoa Yield initially filed confidentially on February 28, 2014. Citi and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.