Israeli renewable energy platform Enlight Renewable Energy Ltd. will launch a roadshow for the IPO of 14 million ordinary shares in the U.S., the company announced in a press release on Feb. 6.
Enlight currently lists the shares under the ticker symbol "ENTL" on the Tel Aviv Stock Exchange but has applied to list the shares under the same symbol on the Nasdaq Stock Market. The last Tel Aviv closing price was NIS$71.73/share on Feb. 2.
Additionally, the company is expected to grant underwriters the option to purchase up to an additional 2.1 million ordinary shares within a 30-day period at the IPO price, the release stated.
J.P. Morgan, BofA Securities, Barclays, Credit Suisse, Wolfe | Nomura Alliance and HSBC are acting as book-running managers, with J.P. Morgan, BofA Securities and Barclays taking the lead. Roth Capital Partners is acting as co-manager for the offering.
With global solar, wind and energy storage operations, Enlight develops, finances, constructs, owns and operates utility-sale renewable energy projects.
2023-10-19 - A merger between Chesapeake Energy Corp. and Southwestern Energy Co. would create the nation’s largest natural gas E&P, analysts say. But a multibillion-dollar combination could also draw scrutiny from regulators.
2023-11-21 - As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
2023-10-06 - Drillers have cut active rigs for three quarters in a row in a delayed response to the sharp drop in prices since the middle of 2022.
2023-10-29 - TotalEnergies SE CEO Patrick Pouyanné believes recent exploration successes in South America and Africa hold potential to boost the French company’s production and cash flow.
2023-09-22 - U.S. oil rigs fell by eight to 507 this week, their lowest since February 2022, while gas rigs dropped by three to 118.