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
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
Follow RTT