Northern Power Systems Files For Initial Public Offering

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Barre, Vt.-based Northern Power Systems Corp., best known for manufacturing 100 kW direct-drive wind turbines, has filed a registration statement with the U.S. Securities and Exchange Commission to go public.

Although the details on its planned $30 million initial public offering are limited – the number of shares to be offered and the price range have yet to be determined – Northern Power says it has applied for listing on the NASDAQ Capital Market.

The company notes that Needham & Company LLC will act as the sole book-running manager for the proposed offering, with Craig-Hallum Capital Group LLC and Northland Capital Markets Inc. acting as co-managers.

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