The California company said it’s sold nearly 9 million shares at $6 a piece, raising about $54 million. That was at the low end of the $6-$7 price range that it announced only earlier this week, and Enphase initially set its share price at between $10 and $12 per share, aiming to sell 7.3 million shares.
The last solar IPO before Enphase was the October 2010 debut of Daqo New Energy on the New York Stock Exchange. Daqo makes silicon that is found in most of the solar panels today. Jinko Solar, a solar panel maker, went public on the New York Stock Exchange in May 2010. Solyndra was planning an IPO that year as…
View original post 356 more words