“It
probably
was
the
best
thing
that
happened
to
us,”
he
told
the
Renewable
Energy
Finance
Forum-Wall
Street
conference
here.
The
company
canceled
its
initial
public
offering
in
October
2010
after
concluding
that
terms
public
investors
were
seeking
did
not
fairly
value
First
Wind’s
development
pipeline.
“They
were
valuing
the
operating
company
pretty
well
but
really
placed
nil
value
on
the
growth
part
of
the
business,”
he
says.
At
the
time,
investors
were
concerned
the
targeted
price
range
was
too
high.
They
believed
that
some
developers
such
as
First
Wind
would…
