logo
Plus   Neg
Share
Email
Comment

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
After months of bickering, Aurora Cannabis and CanniMed Therapeutics are moving close to a game-changing merger in Canada's red-hot marijuana sector. The big hangup was Aurora's insistence that CanniMed not overpay for smaller rival NewStrike. However, Aurora in its urgency to get the deal done... Budweiser, which has been reigning as the 'king of beers' is now number 4 in sales in U.S. Budweiser lost to Miller Lite in 2017, according to Beer Marketer's Insights, the publication focused on beer industry statistics. Activist investor Bill Ackman's hedge fund Pershing Square Capital Management L.P. is cutting ten employees from its workforce, according to media reports, citing people with knowledge of the matter. The job cuts on Friday have reportedly brought the New York-based company's head count down to 46 and were mostly in the hedge fund's back-office and support staff.
comments powered by Disqus
Follow RTT