FTC Solar, Inc.

FTC Solar, Inc. (FTCI) priced its initial public offering on Apr 29, 2021 at $13.00 per share, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $1.11B. Barclays was lead-left underwriter, joined by BofA Securities, Credit Suisse and UBS and others. Skadden, Arps advised the company and Goodwin Procter advised the underwriters.

FTC Solar, Inc. provides solar tracker systems supported by proprietary software and engineering services. Trackers move solar panels through the day to keep them oriented toward the sun, and the company sells them to solar projects worldwide.

Status

IPO

Ticker

FTCI

Exchange

Nasdaq Global Market

Priced

Apr 29, 2021

IPO price

$13.00

Market cap at IPO price

$1.11B

First filed

Mar 26, 2021

Underwriters

Barclays, BofA Securities, Credit Suisse, UBS, HSBC, TD Cowen, Piper Sandler, Raymond James and Roth Capital

Company counsel

Skadden, Arps

Underwriters' counsel

Goodwin Procter

Sector

Technology

Country / state

TX

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