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Enlight Renewable launches its IPO roadshow

Israel-based Enlight wants to list its ordinary shares on the Nasdaq Stock Market under the ticker symbol “ENLT”.

Enlight Renewable Energy said it plans to start its U.S. roadshow for an initial public offering of 14 million of its ordinary shares. It said it also expects to grant the underwriters a 30-day option to buy up to an additional 2.1 million ordinary shares at the IPO price.

Enlight said it applied to list its shares on the Nasdaq Stock Market under the ticker symbol “ENLT”. Its shares currently trade on the Tel Aviv Stock Exchange. Closing price of Enlight’s ordinary shares on that exchange on Feb. 2 was NIS 71.73 ($20.64) per share.

J.P. Morgan, BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. Credit Suisse, Wolfe|Nomura Alliance and HSBC are acting as book-running managers, and Roth Capital Partners is acting as co-manager for the proposed offering.

Based in Israel, Enlight develops, finances, constructs, owns and operates utility-sale solar, wind and energy storage projects. It operates in the U.S., Israel and nine European countries.

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