Israeli cleantech Enlight Renewable Vitality (ENLT) (OTCPK:ENLTF) has filed for a $100M US preliminary public providing.
Enlight did not disclose phrases in its submitting however indicated in its submitting charge schedule that it was looking for as much as $100M, a quantity that’s probably a placeholder and topic to vary.
The corporate hopes to checklist its shares on Nasdaq beneath the image ENLT. Its shares presently commerce on the Tel Aviv inventory alternate beneath the identical image.
Underwriters for the deal embody JP Morgan, BofA Securities, Barclays, Credit score Suisse, Wolfe/Nomura Alliance and Roth Capital Companions.
The corporate is worthwhile. For the nine-month interval ended Sept. 30, Enlight reported a revenue of $27M on income of $131M.
Based mostly in Rosh Ha’ayin, Israel, Enlight develops, funds, builds and operates renewable power tasks. The corporate earns most of its cash by means of the sale of electrical energy generated by its power tasks.
Final week, photo voltaic expertise supplier Nextracker (NXT), a spinout of Flex Ltd. (FLEX), additionally filed to boost $100 by means of an IPO.