FTC Solar IPO Info

Company Name: FTC Solar
Stock Symbol: FTCI
Exchange: NASDAQ
Status: Priced
IPO Date: 4/28/2021
IPO Price: 13.00 (-41.85%)

Underwriters

Barclays, BofA Securities, Credit Suisse and UBS

Amount of Offering: N/A
Number of Shares Offered: 19.84 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A

Company Description

Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a fast-growing, global provider of solar tracker systems, technology, software, and engineering services.  Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun.  FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.

News Headlines

• FTC Solar (FTCI) IPO Opens 17% Higher
• FTC Solar Inc. (FTCI) Prices 19.84M Share IPO at $13/Sh
• FTC Solar Inc. (FTCI) Announces Proposed 18.42M Share IPO Between $18-$20/Sh