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Israel’s Enlight Renewable Energy (ENLT) clean technology (OTCPK:ENLTF) filed an initial public offering of US$100 million.
Enlight does not disclose terms in its profile but specified in its application fee schedule that it’s looking for up to $100 million, a number that can be a placeholder and is mutable.
The company hopes to list its shares on Nasdaq under the symbol ENLT. Its shares are currently trading on the Tel Aviv Stock Exchange under the same symbol.
Underwriters for the deal include JP Morgan, BofA Securities, Barclays, Credit Suisse, Wolfe/Nomura Alliance and Roth Capital Partners.
The company is profitable. For the nine-month period ending September 30, Enlight reported a profit of $27 million on revenue of $131 million.
Headquartered in Rosh Ha’ayin, Israel, Enlight develops, funds, constructs and operates renewable energy projects. The company makes most of its money through selling electricity generated by its energy projects.
Last week, solar technology provider Nextracker (NXT), a by-product of Flex Ltd. (BEND), also filed to raise $100 through an IPO.
