Wind power company Pattern's shares rise 10 pct in debut

Fri Sep 27, 2013 10:23am EDT
 
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Sept 27 (Reuters) - Shares of wind farm operator Pattern Energy Group Inc rose 10 percent in their debut, valuing the company at about $1.24 billion.

The company raised about $352 million after pricing its IPO of 16 million Class A common stock at $22 per share, just above its expected price range.

The California-based company has interests in eight wind power projects in the United States, Canada and Chile with a combined capacity of 1,041 megawatts.