Funding and M&A Roundup: SolarEdge Technologies Raises $678.5 Million

Keppel Corporation to acquire the remaining stake in Cleantech Solar Asia for $115 million

March 28, 2022

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SolarEdge Technologies, a provider of end-to-end solar power optimization and PV monitoring solutions, completed underwritten public offering of 2,300,000 shares of common stock at $295.00 per share, raising $678.5 million (before deduction for the underwriters’ discount and other offering expenses). This includes 300,000 shares sold to the underwriters upon exercising their option to purchase additional shares. Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley acted as joint book-running managers for the Common Stock offering. The company plans to use the net proceeds from the offering for general corporate purposes, including acquisitions.

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