Thursday, June 16, 2011

Enphase Energy Files For IPO

Petaluma-based Enphase Energy, a developer of solar inverters, filed for an IPO Wednesday, saying that it is looking to raise up to $100M in an IPO on the NASDAQ Global Market. The firm said it has applied to list as ENPH. The firm's IPO is being underwritten by Morgan Stanley, BofA Merrill Lynch, Jeffries, Lazard Capital Markets, and ThinkEquity LLC. The firm is venture backed by Third Point, RockPort Capital Partners, Madrone Partners, Kleiner Perkins Caufield & Byers, Applied Ventures, and Bay Partners.