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

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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.

 

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