Australia's SolarJuice kicks off United States IPO roadshow

Jan 23, 2023 12:32 PM ET
  • Australian solar systems maker SolarJuice Co Ltd has set the terms of its organized going public (IPO) in the United States, with the purchase looking for as much as USD 22.5 million (EUR 20.6 m) in gross profits from the sale of 2.5 million ordinary shares.
Australia's SolarJuice kicks off United States IPO roadshow
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SolarJuice, a unit of renewable energy company SPI Energy Co Ltd (NASDAQ: SPI), expects its shares to be priced at in between USD 7 and USD 9 apiece, the program shows. On top end of the targeted IPO array, the firm's market capitalisation could get to USD 247.5 million, based on the number of shares outstanding.

Linton Crystal Technologies Corp, a maker of heaters for creating monocrystalline ingots, has indicated a non-binding rate of interest to join the IPO and spend as much as USD 5.1 million in SolarJuice shares.

Sydney-headquartered SolarJuice applied for the IPO in mid-September. It has put on provide its shares on the Nasdaq stock exchange under the symbol SJA.

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