in News Departments > FYI
print the content item

Innergex Renewable Energy Inc., a Longueuil, Quebec-based wind power developer, has filed with the Autorite des marches financiers and the Canadian Securities Administrators of the other provinces in Canada its final prospectus relating to the initial public offering (IPO) of its common shares.

A preliminary prospectus was filed on Oct. 26, and an amended and restated preliminary prospectus was filed on Nov. 2. The prospectus qualifies the public offering of 10.45 million common shares at a price of C$11.00 per common share for total gross proceeds of approximately $115 million. The offering is expected to close on or about Dec. 6.

Innergex says the offering was made through a syndicate of underwriters co-led by BMO Capital Markets and CIBC World Markets Inc. The syndicate of underwriters also includes RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., National Bank Financial Inc., Canaccord Capital Corp. and Dundee Securities Corp.

The Toronto Stock Exchange (TSX) has conditionally approved the listing of the common shares of the corporation under the symbol INE, subject to the corporation fulfilling all of the listing requirements of the TSX.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015