Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The Nextracker initial public offering, which had sought to raise up to $535 million, will likely be the biggest U.S. listing since October.

Nextracker, a solar tech company, is expected to price its initial public offering at the higher end of its stated $20 to $23 per share target.It’s a positive sign for the moribund IPO market.

The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per shareThe order book for Fremont, California-based Nextracker is "well subscribed," meaning demand will allow the company to meet or even exceed expectations on pricing, according to the sources, who declined to be identified speaking about the process.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines