Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. (SHLS) priced its initial public offering on Jan 28, 2021 at $25.00 per share, raising $1.93B, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $4.16B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Guggenheim and UBS and others. Kirkland & Ellis advised the company and Davis Polk advised the underwriters.

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States, covering the components that carry current from solar panels to an inverter and the power grid.

Status

IPO

Ticker

SHLS

Exchange

Nasdaq Global Market

Priced

Jan 28, 2021

IPO price

$25.00

Raised

$1.93B

Market cap at IPO price

$4.16B

First filed

Dec 30, 2020

Underwriters

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

Company counsel

Kirkland & Ellis

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

TN

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