Nextracker to go public with IPO & listing
Published Date : 2023-February-14, Tuesday
International solar tracker supply and installation company
Nextracker, a Flex Ltd subsidiary, has filed a registration statement for a
proposed initial public offering on the Nasdaq Global Select Market under the ticker
symbol “NXT”.
Filing documents indicate the US-headquartered company is looking to raise in the order of US$100mil.
According to Flex Ltd, “The timing, number of shares of
Common Stock to be offered and the price range for the proposed offering have
not yet been determined. The offering is subject to market and other
conditions”.
In Australia, Nextracker recently completed installation
at what is Australia’s largest solar farm, Neoen’s 460 MW Western Downs Green Power
Hub project in Queensland.
The company is on track in the coming months to achieve a
milestone of 6 GW of trackers supplied in Australia since 2016.