Maxeon Solar Technologies announces IPO pricing
Maxeon Solar Technologies has announced the pricing of an underwritten offering at a share price of US$18.00 for ordinary shares in a US$125 million offering. Maxeon Solar Technologies expects to receive approximately US$117.1 from the offering which is expected to close on 20 April 2021. Maxeon Solar Technologies have also granted the underwriters a 30-day option to purchase up to an additional US$18.7 million ordinary shares in the public offering.
Additionally, Maxeon Solar Technologies has agreed to sell to Tianjin Zhonghuan Semiconductor pursuant to a private placement and at a sale price which is equal to the public offering, 1.87 million ordinary shares.
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