Noble Reveals More IPO Info

Noble Environmental Power LLC, an Essex, Conn.-based developer of wind-powered renewable electric generating projects, said that it will offer around 24.44 million common shares in its IPO. The company has still not disclosed a price-range, although it originally filed to raise $375 million. Noble It plans to trade on the Nasdaq under ticker symbol NEPI, with Lehman Brothers, Credit Suisse and JPMorgan serving as co-lead underwriters.

 

The company's principal shareholder is JPMorgan Partners (managed by CCMP Capital), while the CPP Investment Board is a minority backer. www.noblepower.com