Israeli renewable energy platform Enlight Renewable Energy Ltd. will launch a roadshow for the IPO of 14 million ordinary shares in the U.S., the company announced in a press release on Feb. 6.
Enlight currently lists the shares under the ticker symbol "ENTL" on the Tel Aviv Stock Exchange but has applied to list the shares under the same symbol on the Nasdaq Stock Market. The last Tel Aviv closing price was NIS$71.73/share on Feb. 2.
Additionally, the company is expected to grant underwriters the option to purchase up to an additional 2.1 million ordinary shares within a 30-day period at the IPO price, the release stated.
J.P. Morgan, BofA Securities, Barclays, Credit Suisse, Wolfe | Nomura Alliance and HSBC are acting as book-running managers, with J.P. Morgan, BofA Securities and Barclays taking the lead. Roth Capital Partners is acting as co-manager for the offering.
With global solar, wind and energy storage operations, Enlight develops, finances, constructs, owns and operates utility-sale renewable energy projects.
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