Silver Ridge Power's Canadian IPO Canceled
Silver Ridge Power Inc., founded in 2012 by U.S. private equity firm Riverstone Holdings and AES Corp., has cancelled its planned initial public offering (IPO) on the Toronto Stock Exchange, citing "market conditions." Expected IPO proceeds were recently reported to be down from those announced in April, when the company filed a preliminary prospectus. The Arlington, Virginia-based Silver Ridge acquires solar plants and projects owned by AES Solar Energy Ltd., a 2008 joint venture between AES and Riverstone.
15 May 2013•1 min read
