Sunnova announces pricing of IPO at $12 per share
Post date: 25/07/2019 - 18:59
US residential PV system installer Sunnova Energy International Inc. announced the pricing of its initial public offering (IPO) of 14,000,000 shares of its common stock at $12.00 per share. The underwriters will have a 30-day option to purchase an additional 2,100,000 shares from Sunnova at the initial public offering price, less underwriting discounts and commissions. The shares will begin trading on the New York Stock Exchange on July 25, 2019 under the ticker symbol »NOVA« and the offering is expected to close on July 29, 2019, subject to customary closing conditions.
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.