Israel’s Enlight Renewable Energy (ENLT) clean technology (OTCPK:ENLTF) filed an initial public offering of US$100 million.
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.