Enphase Energy (ENPH) Cuts Expected IPO Price Nearly in Half

Enphase Energy, Inc. (Nasdaq: ENPH), filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. Enphase plans to sell 7,272,727 shares of its common stock and sees an initial offering price of $6 - $7 per share. The expected price is reduced from a range of $10 - $12 per share previously expected. Enphase filed to list on the Nasdaq Global Market under the ticker "ENPH."

The offering is being made through Morgan Stanley, BofA/Merrill Lynch, Lazard Capital Markets, Jefferies, and ThinkEquity.

Enphase Energy has pioneered a fundamentally new inverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management.

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