Enphase Energy prices upsized IPO at $6, at low end of the revised range

By Renaissance Capital,

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Enphase Energy, which is the leading N. American provider of microinverter solutions for the solar industry, raised $54 million by offering 9 million shares at $6, at the low end of the modified range of $6 to $7. The company had originally filed to offer 7.3 million shares at a range of $10 to $12. Enphase Energy 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing IPOs
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