logo
Share SHARE
FONT-SIZE Plus   Neg

Enphase Energy Prices IPO At $6/share, At Low End Of Revised Range

Enphase Energy, a provider of microinverter solutions for the solar industry, announced the pricing of its initial public offering of 8.97 million shares of common stock at $6.00 per share, at the low end of the revised range of $6 to $7.

In an amended regulatory filing with the U.S. Securities and Exchange Commission on March 28, the company brought down its price range to $6 and $7 per share from its earlier range of $10 to $12 per share. The company had originally filed to offer 7.3 million shares.

The Petaluma, California-based company plans to list on the NASDAQ under the symbol ENPH.

Morgan Stanley, BofA Merrill Lynch and Deutsche Bank Securities acted as lead managers on the deal.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
PepsiCo Inc., (PEP) Monday confirmed that it would bring back the Diet Pepsi with aspartame in the US stores in September, one of the latest efforts by the beverage giant to boost its slowing sales. The company said it would continue to sell sucralose-sweetened Diet Pepsi, which was launched last... Burger giant Wendy's Co. (WEN) Monday announced its entry in to the Brazilian market through a joint venture with affiliates of Sao Paolo-based Infinity Services and Starboard, one of Wendy's largest U.S. franchisees and a subsidiary of the fast-food company. Wendy's Brazil plans to hold the grand... Chipotle Mexican Grill Inc. (CMG)Monday announced that it will launch a new summertime loyalty rewards program, as the Mexican restaurant tries to lure back customers to its outlets after a series of food-related disease outbreak. The three-month-long promotion, called Chiptopia Summer Rewards, will...
comments powered by Disqus
Follow RTT