Nextracker Announces Pricing of Upsized Initial Public Offering
Flex Ltd. announced that its subsidiary, Nextracker Inc., has priced an upsized initial public offering (IPO) of 26,600,000 shares of Class A common stock at $24.00 per share. Trading on Nasdaq under the symbol 'NXT' is set to begin on February 9, 2023, with the offering closing on February 13, 2023, barring any customary conditions. The offering includes a 30-day option for underwriters to purchase an additional 3,990,000 shares. Major banks managing the offering include J.P. Morgan and BofA Securities. A registration statement was declared effective by the SEC on February 8, 2023.
- Nextracker's upsized IPO of 26.6 million shares at $24.00 each, potentially raising significant capital.
- The involvement of prominent underwriters could enhance investor confidence.
- The potential dilution of existing shareholders due to the offer of additional shares.
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J.P. Morgan,
The offering will be made only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: the
A registration statement relating to these securities has been filed with, and declared effective by, the
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.
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Flex Contacts
Investors & Analysts
Vice President, Investor Relations
David.Rubin@flex.com
Media & Press
Director, Corporate Public Relations
Mark.Plungy@flex.com
Nextracker Contacts
Investors & Analysts
Director, Finance
DQuinby@nextracker.com
Media & Press
Vice President, Global Marketing
KKirsh@nextracker.com
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SOURCE Flex
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