Array Technologies, Inc.

Array Technologies, Inc. (ARRY) priced its initial public offering on Oct 16, 2020 at $22.00 per share, raising $1.04B, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $2.79B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Guggenheim and Morgan Stanley and others. Kirkland & Ellis advised the company and Davis Polk advised the underwriters.

Array Technologies, Inc. is an engineering and technology company with an assembly-focused manufacturing model, buying most components such as motors, gearboxes, electronic controllers and steel tubing from suppliers. Incorporated in New Mexico in 1992, it is based in Albuquerque.

Status

IPO

Ticker

ARRY

Exchange

Nasdaq Global Market

Priced

Oct 16, 2020

IPO price

$22.00

Raised

$1.04B

Market cap at IPO price

$2.79B

First filed

Sep 22, 2020

Underwriters

Goldman Sachs, J.P. Morgan, Guggenheim, Morgan Stanley, Credit Suisse, Barclays, UBS, TD Cowen, Oppenheimer and Nomura

Company counsel

Kirkland & Ellis

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

NM

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.