Solar-power components maker Shoals Technologies Group Inc. climbed 24% in its trading debut after its initial public offering topped expectations to raise $1.9 billion. Shares of the Portland, Tennessee-based company opened at $31.30 Wednesday after selling for $25 each in the IPO. The shares, which rose as much as 40% during the day, closed at […]
Goldman-Backed Renew Mulls Listing Its Shares to Fund Growth
ReNew Power Pvt., India’s largest renewable energy company, is looking at an overseas listing of shares to raise funds as it invests in growth for the coming decade. “As far as our own IPO plans are concerned, it’s something we are certainly evaluating and at an appropriate time we will certainly look at going […]
Brookfield to push ahead with $513 mn India REIT IPO by 2020-end: Report
Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer, the person said Brookfield Asset Management Inc. is pushing to list a real estate investment trust in Mumbai before the end of this year, which could raise as much as Rs 38 billion ($513 million), according to people […]
We are at the start of the IPO phase in renewables sector, says Axis Capital
The renewable energy sector is back in the limelight as the clean green theme gains momentum across the globe. Speaking to CNBC-TV18, Sumant Sinha, CMD of ReNew Power said that this is a good time to consider listing options. “Investor demand globally for renewables has picked up substantially over the last six to nine months. […]
Sunny outlook for Spain’s first post-pandemic IPO
MADRID: Spanish solar equipment maker Soltec has seen keen investor interest for a stock listing it hopes will benefit from global economic rebuilding after the coronavirus crisis, its chief executive said on Monday. Soltec, which makes kits that help solar panels soak up more rays, said it had received enough non-binding orders, on a first […]
Grapevine: ReNew looks to list abroad; Mahindra Susten gets offers for solar assets
India’s largest clean energy firm, ReNew Power Ventures, is looking for an overseas listing, two people aware of the matter told Mint. ReNew Power is also gearing up to tap the offshore bond market for as much as $320 million (Rs 2,350 crore) as it looks to refinance domestic debt. This initial public offering (IPO) […]
Oaktree-Backed Array Jumps in Debut After $1.05 Billion IPO
Array Technologies Inc. rose 66% in its trading debut after its expanded initial public offering raised $1.05 billion for the solar company and its largest shareholder. Shares of the company, a provider of solar-tracking solutions for utility-scale projects, closed at $36.45 Thursday in New York trading. Array Technologies has a market value of about […]
Solar power equipment maker Array raises $1 billion in IPO
U.S. solar power equipment company Array Technologies sold shares in its initial public offering (IPO) on Wednesday at $22 apiece, above its target range, to raise $1.05 billion. The IPO values Array, which is backed by U.S. private equity firm Oaktree Capital, at $2.8 billion. The company also had $749.2 million in debt as of […]
Chinese Electric-Car Charging Provider StarCharge Eyes IPO
Chinese electric-vehicle charging equipment provider StarCharge plans to start the process for an initial public offering, just weeks after completing a Series A fundraising round. The company, registered as Wanbang Digital Energy Co., aims to list on a mainland bourse and has hired Guotai Junan Securities Co. to assist, according to a statement dated Oct. […]
XPeng Announces Pricing of Initial Public Offering
New York, the United States / Guangzhou, China: XPeng Inc. (“XPeng” or the “Company”), a smart electric vehicle (“Smart EV”) company, announced today the pricing of its initial public offering of 99,733,334 American Depositary Shares (“ADSs”), each representing two Class A ordinary shares of the Company, at a public offering price of $15.00 per ADS. […]
