Solar inverter maker Enphase Energy ended a solar IPO drought by making its public market debut Friday, but did the company’s venture investor make a killing on the exit?
Not really, at least at the current per share price. Below is a list of major investors who financed the company prior to the IPO and what the value of their shares are after the IPO at the $6 offering price (based on the prospectus filed Friday). These shareholders are subject to a lock-up period of 180 days after the IPO so that they don’t flood the market with their shares and dilute the stock’s value so soon after the IPO.
|Investor||Shares after IPO||% of common stock||Value at $6 per share|
View original post 58 more words