California-based renewable energy and transmission company Pattern Energy Group Inc. plans to raise up to $345 million in an initial public offering (IPO) of its common shares.
According to a Reuters report, the company filed for its IPO with U.S. regulators on Friday. Pattern Energy Group's wind portfolio includes projects in Canada, the U.S. and Chile and adds up to over 1.04 GW in capacity.
Morgan Stanley, BMO Capital Markets and RBC Capital Markets will serve as the underwriters. Reuters notes that the final amount of the IPO may differ, as initial plans in IPO filings are typically used to determine registration fees.
