Initial Public Offering
Baird served as lead bookrunner on this offering.
AboutSpark Energy, Inc. (“Spark Energy” or the “Company”) (NASDAQ-GS: SPKE) recently completed an initial public offering of 3,000,000 shares of Class A common stock at a price of $18.00 per share, generating gross proceeds of $54.0 million. The Company intends to acquire Spark HoldCo units from NuDevco Retail Holdings with the proceeds of the offering.
Spark Energy is a growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. The Company currently operates in 16 states and serves 46 utility territories. Spark Energy offers its customers a variety of product and service choices, including stable and predictable energy costs, green products and potential cost savings. The Company is headquartered in Houston, Texas.
For additional information about this transaction, please contact:
- July 2014
- Spark Energy, Inc.
- Technology & Services
- Target Geography
- North America
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