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.