Credit: Shutterstock photoSolarEdge Technologies, which provides DC-optimized inverter systems for the solar industry, raised $126 million by offering 7 million shares at $18, the high end of its $16-$18 range. At $18, SolarEdge commands a fully diluted market cap of $778 million and an enterprise value of $644 million. SolarEdge Technologies will list on the NASDAQ under the symbol SEDG. Goldman Sachs and Deutsche Bank acted as lead managers on the deal.
The article SolarEdge Technologies prices IPO at $18, the high end of the range 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.
