Global Water Resources, a water and wastewater utility, files for $50M IPO
Global Water Resources, a Phoenix, Ariz., based firm that provides water, wastewater and recycled water utility services, has filed for an IPO on the NASDAQ, hoping to raise up to $50 million. Its shares will be listed under the ticker symbol “GWRI”; the lead manager for the offering is Janney Montgomery Scott.
The company owns 16 wastewater utilities in Arizona and serves over 38,000 customers. Proceeds from the public offering will be used for capital expenditures,… Continue Reading
Roundup: Tidbits on Jangl’s demise, Virgin considers Helio hookup, VCs looking overseas, and more
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The back-story on Jangl’s slow death — Yesterday, we reported on Jangl’s asset sale process. A tipster tells us that Seattle-based WhitePages had offered to buy Internet phone company Jangl for $20 million, but then kept the company in diligence for more than a month and walked away at the last minute — giving Jangl no choice to but throw in the towel when it ran out of time and options. Whitepages flew down from Seattle… Continue Reading
Noble Environmental Power files for $375M wind power IPO
Despite a rough market for IPOs — as evidenced by Real Goods Solar’s tough first day of trading yesterday — Noble Environmental Power, an Essex, Conn., wind power startup has filed plans to raise up to $375 million in an IPO
Its share sale will be underwritten by Lehman Brothers, JPMorgan and Credit Suisse; CPP Investment Board is a minority backer. Noble Environmental currently manages 282 MW; its wind farms are located in New York, Michigan,… Continue Reading
Real Goods Solar, a residential solar installer, sets terms for IPO
Real Goods Solar, the Broomfield, Colorado-based solar installer and a subsidiary of Gaiam (NASDAQ: GAIA), a green lifestyle company, expects to sell 5 million shares at $10 – 12 when it files for an IPO on the NASDAQ under the ticker symbol “RSOL”. The offering’s lead underwriter is ThinkPanmure, with Canaccord Adams and Broadpoint Capital as co-managers.
The company, which recently bought out California-based competitors Marin Solar and Carlson Solar, hopes to raise $49 million after… Continue Reading