Australia's SolarJuice cuts size people IPO

• Australian solar systems manufacturer SolarJuice Co Ltd has actually decreased the size of its scheduled initial public offering (IPO) in the United States to approximately USD 18 million (EUR 16.8 m) in gross proceeds by decreasing the targeted rate range for the deal.

SolarJuice, a unit of renewable energy firm SPI Energy Co Ltd (NASDAQ: SPI), has actually raised the number of shares to be placed in the IPO to three million as well as anticipates the units to be valued at USD 5.00-6.00 each.

The Sydney-based firm filed for the IPO in September 2022. It originally intended to market 2.5 million units at USD 7.00-9.00 each.

SolarJuice has actually put on list its shares on the Nasdaq stock exchange under the icon "SJA". On top end of the revised IPO terms, the company's market capitalisation might reach USD 168 million, based on the number of shares exceptional noted in the prospectus.