American Electric Power Prices Its Shares at $102 Apiece

American Electric Power Co. has priced the $2 billion of its common stock shares that it’s offering at $102 apiece.

Citigroup, Barclays, BofA Securities and Wells Fargo Securities are acting as lead book-running managers, AEP said in a statement. All shares are expected to be borrowed by the forward counterparties and sold to the underwriters.