Enphase Energy Announces IPO Pricing, Makes Debut On NASDAQ


Micro-inverter manufacturer Enphase Energy Inc. has announced pricing of its initial public offering (IPO) of 8,969,697 shares of common stock at a price to the public of $6.00 per share.

All of the shares of common stock in the offering are being offered directly by Enphase. In addition, Enphase has granted the underwriters a 30-day option to purchase up to an additional 1,345,454 shares of common stock, solely to cover over-allotments, if any.

Morgan Stanley & Co. LLC, Bank of America Merrill Lynch and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Jefferies & Co. Inc. is acting as joint lead manager, and Lazard Capital Markets LLC and ThinkEquity LLC are acting as co-managers.

The shares are expected to begin trading on the NASDAQ Global Market today under the ticker symbol ENPH.

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