Array Technologies Inc. (ARRY) Prices 47.5M Share IPO at $22/Sh

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Go back to Array Technologies Inc. (ARRY) Prices 47.5M Share IPO at $22/Sh

Array Technologies, Inc. Announces Pricing of Upsized Initial Public Offering

October 14, 2020 6:41 PM EDT

ALBUQUERQUE, N.M., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the Company) today announced the pricing of its upsized initial public offering of 47,500,000 shares of its common stock at a price to the public of $22.00 per share. The offering consists of 7,000,000 shares of common stock being sold by the Company and 40,500,000 shares of common stock being sold by a parent entity of the Company controlled by Oaktree Capital (the Selling Stockholder). In addition, the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 7,125,000 shares at the public offering price, less underwriting discounts and commissions. The Company... More