Kirkland-Led Solar Panel Maker Leads 2 IPOs Nabbing $1.6B

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Law360 (Oct 15, 2020, 7:46 p.m. EDT) – A solar panel manufacturer’s stock launched Thursday as part of a pair of companies that began trading to raise more than $ 1.6 billion through initial public offerings led by Kirkland, Davis. Polk, Skadden and Cleary raised dollars.

Kirkland-led Array Technologies Inc. announced it has raised a staggering $ 1 billion by offering 47.5 million shares – 7 million from the company and shareholders selling the remainder – for $ 22 each has, which is above the $ 19-21 price range that the company originally set on its regulatory filings. Array originally filed to offer 33.75 million shares before increasing the amount twice …

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