SunEdison Inc. has submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of the common stock of a yieldco vehicle.
A yieldco is a C corporation that acts as a holding company for renewable assets that can carry forward net operating losses and shield taxes for extended periods of time.
The number of shares of common stock to be sold and the price range for the proposed offering has not yet been determined. The IPO is expected to commence after the SEC completes its review process, subject to market and other conditions.
