TPI Composites, a manufacturer of composite blades used in wind turbines, raised $69 million by offering 6.3 million shares at $11, the low end of the revised range of $11 to $12. The company had originally filed to sell 7.3 million shares at $15-$17. Insiders indicated an interest in purchasing $13.5 million (20%) of the deal. TPI Composites plans to list on the Nasdaq under the symbol TPIC. J.P. Morgan and Morgan Stanley acted as lead managers on the deal.
