Funding and M&A Roundup: Solar Tracking Systems Company FTC Solar Files for IPO
CleanCapital receives a capital commitment of $300 million from Manulife
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FTC Solar, a provider of solar tracker systems, technology, software, and engineering services, announced that it has filed for an initial public offering (IPO) of shares of its common stock. FTC is offering 18,421,053 shares of its common stock. The IPO price is expected to be between $18 and $20 per share before underwriting discounts and commissions. FTC has applied to list its common stock on the Nasdaq Global Market under the symbol “FTCI.”