Sunnova announces launch of Initial Public Offering

US residential PV system installer Sunnova Energy International Inc. has launched the initial public offering of 17,647,059 shares of its common stock. The underwriters will have a 30-day option to purchase an additional 2,647,059 shares from Sunnova at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $16.00 and $18.00 per share. The shares have been approved for listing on the New York Stock Exchange under the ticker symbol »NOVA«.
BofA Merrill Lynch, J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. Credit Suisse is also acting as a joint book-running manager. KeyBanc Capital Markets, Baird and Roth Capital Partners are acting as co-managers.
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