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US ROUND-UP: Shoals IPO raises billions; Sunnova claims industry-first solar financing package

February 4, 2021

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A round-up of the latest news from the US solar market, as Shoals Technologies’ upsized IPO raises north of US$2 billion and Sunnova claims an industry first financing offer.

Shoals Technologies raises US$2.2bn in upsized IPO

29 January 2021: Shoals Technologies, the US-based solar balance of systems technology provider, has raised more than US$2 billion through its initial public offering (IPO).

The company offered more than 88.5 million shares of Class A common stock at an IPO price of US$25 per share, raising just shy of US$2.2 billion in gross proceeds.

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