NextEra Energy Partners climbs in 1st day of trading on the New York Stock Exchange

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NEW YORK, N.Y. - Shares of NextEra Energy Partners LP are surging 30 per cent in the first day of trading as a public company.

The company priced its initial public offering of approximately 16.3 million common units at $25 per unit, the upper end of the projected range of $23 to $25 per unit.

Based in Juno Beach, Florida, the company raised about $407.5 million.

The underwriters have a 30-day option to buy up to an additional 2.4 million units.

The company is a subsidiary of NextEra Energy Inc. Shares jumped $7.44 to $32.44 in Friday trading on the New York Stock Exchange

The stock is trading under the "NEP" ticker symbol.

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Organizations: NextEra Energy Partners LP, New York Stock Exchange, NextEra Energy

Geographic location: NEW YORK, N.Y., Juno Beach, Florida

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