Flex Ltd. launches IPO for Nextracker

Global contract manufacturer Flex Ltd. is taking its subsidiary Nextracker Inc. public. The manufacturer of tracking systems for utility-scale solar power plants is considered the world market leader and, according to the registration application filed with the U.S. Securities and Exchange Commission (SEC), has delivered systems for 15 gigawatts in the past year with revenue of $ 1.5 billion. However, neither the planned volume nor an issue price for the shares have been disclosed so far.
Nextracker is headquartered in Fremont, California. Flex is headquartered in Singapore, and the company has administrative headquarters in the U.S., where it is also listed on the NASDQ New York Stock Exchange.
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