Ticker LaunchIPO · NXT
Nextpower Inc.
Formerly Nextracker Inc.; Nextracker LLC
Nextpower Inc. (NXT) priced its initial public offering on Feb 10, 2023 at $24.00 per share, above its $20.00–$23.00 range, raising $638.4M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.01B. Sidley Austin advised the company and Wilson Sonsini advised the underwriters.
At its 2023 IPO, Nextracker Inc. (now Nextpower Inc.) was a provider of solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. Its trackers let solar panels follow the sun's movement to optimize plant performance.
- Status
- IPO
- Ticker
- NXT
- Exchange
- Nasdaq Global Select
- Priced
- Feb 10, 2023
- IPO price
- $24.00
- Price range
- $20.00–$23.00
- Raised
- $638.4M
- Market cap at IPO price
- $1.01B
- First filed
- Jan 13, 2023
- Company counsel
- Sidley Austin
- Underwriters' counsel
- Wilson Sonsini
- Sector
- Technology
- Country / state
- CA
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (S-1) first filed Jan 13, 2023
- Latest amendment Feb 6, 2023
- Final prospectus (424B4) Feb 10, 2023
- All filings on EDGAR CIK 1852131
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