SolarEdge Technologies is now trading on NASDAQ. The solar company announced its pricing for its initial public offering of 7 million shares of common stock at a public price of $18 per share. All shares are being sold by SolarEdge. As part of the offering, the underwriters have been granted a 30-day option to purchase up to 1,050,000 additional shares. The shares began trading today on the NASDAQ Global Select Market under the ticker symbol “SEDG”. The closing of the offering is expected to occur on March 31, 2015, subject to the satisfaction of customary closing conditions.
Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Needham & Company, Canaccord Genuity Inc. and Roth Capital Partners are acting as co-managers. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 25, 2015. The offering will be made only by means of a prospectus.