Sunnova Energy International Inc.

Sunnova Energy International Inc. (NOVA) priced its initial public offering on Jul 26, 2019 at $12.00 per share, within its $12.00–$13.00 range, raising $168M, and listed on NYSE. At the IPO price its market capitalization was about $997.4M. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, Credit Suisse and KeyBanc and others. Baker Botts advised the company and Vinson & Elkins advised the underwriters.

Sunnova Energy International Inc. is a residential solar and energy storage service provider serving more than 63,000 customers in over 20 U.S. states and territories. It works through local dealers who originate, design and install customers' solar and storage systems on its behalf.

Status

IPO

Ticker

NOVA

Exchange

NYSE

Priced

Jul 26, 2019

IPO price

$12.00

Price range

$12.00–$13.00

Raised

$168M

Market cap at IPO price

$997.4M

First filed

Jun 27, 2019

Underwriters

J.P. Morgan, Goldman Sachs, Credit Suisse, KeyBanc, Baird and Roth Capital

Company counsel

Baker Botts

Underwriters' counsel

Vinson & Elkins

Sector

Energy, mining & utilities

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.