jxfzsy
Israeli cleantech Enlight Renewable Energy (ENLT) (OTCPK:ENLTF) has filed for a $100 million US initial public offering.
Enlight did not disclose the terms in your presentation but indicated in your filing fee schedule that he was seeking up to $100 million, a number this is likely a placeholder and is subject to change.
The company expects to list its shares on Nasdaq under the symbol ENLT. Its shares are currently listed on the Tel Aviv Stock Exchange under the same symbol.
Underwriters to the deal include JP Morgan, BofA Securities, Barclays, Credit Suisse, Wolfe/Nomura Alliance and Roth Capital Partners.
The company is profitable. For the nine-month period ending September 30, Enlight reported a profit of $27 million on revenue of $131 million.
Headquartered in Rosh Ha’ayin, Israel, Enlight develops, finances, builds and operates renewable energy projects. The company makes most of its money through the sale of electricity generated by its power projects.
Last week, solar technology provider Nextracker (NXT), a spin-off of Flex Ltd. (FLEX), also asked to raise $100 through an initial public offering.
