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NextEra Energy Partners LP prices IPO at $25, the top of the upwardly revised range

June 26, 2014
NEP

NextEra Energy Partners, LP, a carve out of NextEra Energy formed to operate ten wind and solar energy projects, raised $406 million by offering 16.3 million shares at $25, at the high end of the upwardly revised range of $23 to $25. The company had originally planned to offer shares at $19 to $21. NextEra Energy Partners, LP will list on the NYSE under the symbol NEP. NextEra Energy Partners, LP initially filed confidentially on 4/4/2014. BofA Merrill Lynch, Goldman Sachs and Morgan Stanley acted as lead managers on the deal.