Enphase IPO Raises Half of Goal After Shares Price at Bottom

02 April 2012 by

BUSINESSWEEK - Enphase Energy, the largest provider of microinverters for solar panels, raised $51.1 million in its initial public offering, about half of what it initially sought.

The company sold 8.97 million shares at $6 each according to a filing (ENPH), the bottom of its expected range. Existing backers agreed to buy 2.5 million of the shares.


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