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.
