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Sunnova prices IPO at USD12.00 per share.

M2 EQUITYBITES-July 25, 2019-Sunnova prices IPO at USD12.00 per share


Energy storage service provider Sunnova Energy International Inc said on Wednesday that it has priced its initial public offering of 14,000,000 shares of its common stock at USD12.00 per share.

The company will provide the underwriters with a a 30-day option to purchase an additional 2,100,000 shares at the initial public offering price, less underwriting discounts and commissions.

The shares will begin trading on the New York Stock Exchange (NYSE) on 25 July 2019 under the ticker symbol 'NOVA' . The offering is expected to close on 29 July 2019, subject to customary closing conditions.

For the offering, BofA Merrill Lynch, JP Morgan and Goldman Sachs & Co LLC are acting as joint book-running managers. Credit Suisse is acting as a joint book-running manager. KeyBanc Capital Markets, Baird and Roth Capital Partners are acting as co-managers.

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Publication:M2 EquityBites (EQB)
Date:Jul 25, 2019
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