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Solar energy company SolarMax Technology files and sets terms for $18 million IPO

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SolarMax Technology, a solar energy company providing solar farm systems to the US and China, filed and announced terms for its IPO on Wednesday.

The Riverside, CA-based company plans to raise $18 million by offering 3 million shares at a price range of $5 to $7. At the midpoint of the proposed range, SolarMax Technology would command a fully diluted market value of $283 million.

SolarMax Technology was founded in 2008 and booked $88 million in revenue for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol SMXT. ViewTrade is the sole bookrunner on the deal.

The article Solar energy company SolarMax Technology files and sets terms for $18 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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


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

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