© Reuters Enlight Renewable Energy (ENLT) IPO opens, trades flat
Today’s IPO for Enlight Renewable Energy (ENLT) opened for trading earlier at $17.90 after pricing 14,000,000 ordinary shares at $18 per share. Shares last traded at $17.80, down 1.1%.
J.P. Morgan, BofA Securities and Barclays are acting as lead book-running managers for the offering. Credit Suisse, Wolfe | Nomura Alliance and HSBC are acting as book-running managers, and Roth Capital Partners is acting as co-manager for the offering.
Enlight develops, finances, constructs, owns and operates utility-sale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. As a global platform, Enlight operates in the United States, Israel and 9 European countries.
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