Today, NRG Energy Inc announced that NRG Yield, its wholly owned subsidiary commenced an initial public offering (IPO) of its shares. NRG yield offered 19,575,000 shares of its Class A common stock to the public. Underwriters for the offering will have additional 30 day option to purchase additional 2,936,250 shares from NRG Yield. The additional option for underwriters would be priced les underwriting discounts and commissions.

The current IPO was priced between US$19.00 to US$21.00 per share piece. The application was filed on the New York Stock Exchange under the symbol NYLD. The initial public offering of common stock net proceeds is intended to be used to buy a portion of the equity interests in NRG Yield LLC. The latter holds the NRG Yield assets from NRG Energy Inc. The remaining portion of the proceeds would be used for general corporate purposes.

BofA Merrill Lynch, Goldman Sachs & Co and Citigroup are the joint book runners for the initial public offering. Barclays, KeyBanc Capital Markets, Mitsubishi UFJ Securities, RBC Capital Markets, Deutsche Bank Securities and Credit Suisse are the acting co managers for the said IPO.