IDACORP prices upsized offering of 4.5M shares at $111 each via forward sale agreements

From Nasdaq: 2025-05-09 14:55:00

IDACORP, Inc. priced an upsized public offering of 4,504,505 shares of common stock at $111.00 per share. Forward sellers Morgan Stanley, J.P. Morgan, and Wells Fargo will sell the shares to underwriters through forward sale agreements. The underwriters have an option to purchase up to 675,675 additional shares. The offering is expected to close around May 12, 2025, subject to standard conditions. IDACORP entered into forward sale agreements with the banks and settlement is expected within 18 months. IDA is currently trading at $114.01 on the NYSE, up 0.29%.



Read more at Nasdaq: IDACORP Prices Upsized Offering Of 4.5M Shares At $111 Each Via Forward Sale Agreements