Israeli micro-inverter manufacturer SolarEdge began trading on the NASDAQ stock exchange in New York today in an initial public offering of 7,000,000 shares.
Shares will be priced at US$18.00 each and traded on the NASDAQ Global Select Market under the ticker 'SEDG'.
Underwriters have been given a 30-day option to buy up to 1,050,000 of additional shares, under the offering.
The offering is expected to end on 31 March 2015.
Goldman, Sachs & Co. and Deutsche Bank Securities are working together as book-running managers. Needham & Company, Canaccord Genuity and Roth Capital Partners are working as co-managers.
SolarEdge's flotation had been hotly anticipated, with analysts expecting the company to raise around US$145 million through the offer.
When the IPO was revealed last month, analyst firm IHS said a successful flotation would allow the Israeli firm to tap into new markets and compete with leading micro-inverter supplier, Enphase.