SCOTTSDALE, Ariz., July 21, 2016 (GLOBE NEWSWIRE) — TPI Composites, Inc. announced the pricing of its initial public offering of 6,250,000 shares of common stock at a price to the public of $11.00 per share. In addition, TPI has granted the underwriters a 30-day option to purchase up to 937,500 additional shares of common stock from TPI at the initial public offering price, less underwriting discounts and commissions. TPI’s initial public offering is a 100% primary offering.

The shares are expected to begin trading on The NASDAQ Global Market under the symbol “TPIC” on July 22, 2016. The offering is expected to close on July 27, 2016, subject to customary closing conditions.

J.P. Morgan and Morgan Stanley are acting as joint book-running managers for the offering. Cowen and Company, Raymond James and Canaccord Genuity are acting as co-managers.

About TPI Composites, Inc.

TPI Composites, Inc. is the largest U.S.-based independent manufacturer of composite wind blades for the wind energy market. TPI delivers high-quality, cost-effective composite solutions through long term relationships with leading wind turbine manufacturers. TPI is headquartered in Scottsdale, Arizona and operates factories throughout the U.S., Mexico, China and Turkey.