Enlight Renewable Energy increases USD 252m in US IPO

• Israeli renewables designer Enlight Renewable Energy Ltd (TLV: ENLT) has elevated USD 252 million (EUR 233.9 m) in its going public in the US from the sale of some 14 million average shares.

The transaction was valued at USD 18 per share.

The Rosh Ha'ayin-based renewables company will certainly have its US launching on the Nasdaq stock exchange under the trading symbol "ENLT" on Friday, February 10. At the IPO terms, its market capitalisation in the United States would certainly stand at about USD 2.11 billion, based upon the variety of superior shares noted in the prospectus.

Enlight applied for the United States listing in January.

Set up in 2008, the firm develops utility-scale renewable energy projects and runs across 11 countries. Its portfolio comprises regarding 17 GW of generation capacity and also regarding 15.3 GWh of power storage capacity.