TPI Composites, the largest US-based manufacturer of composite wind blades, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The Scottsdale, AZ-based company was founded in 1968 and booked $666 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq under the symbol TPIC. J.P. Morgan, Morgan Stanley, Cowen & Company, Raymond James and Canaccord Genuity are the joint bookrunners on the deal. No pricing terms were disclosed.
