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BOSTON, MA – EnerNOC, Inc. (NASDAQ: ENOC) today announced the pricing of its initial public offering of 3,750,000 shares of its common stock at a price of $26.00 per share. Of those shares, EnerNOC will sell 3,525,000 shares and selling stockholders will sell 225,000 shares. The net proceeds to EnerNOC, before expenses, will be approximately $85 million. In addition, EnerNOC has granted the underwriters a 30-day option to purchase up to an additional 562,500 shares to cover over-allotments, if any. The shares will be listed on the NASDAQ Global Market under the symbol “ENOC” and will begin trading today.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated acted as joint book-running managers for this offering. Canaccord Adams Inc. and Jefferies & Company, Inc. acted as co-managers.
A registration statement has been filed with, and declared effective by, the Securities and Exchange Commission. Copies of the final prospectus related to the offering may be obtained from Credit Suisse Securities’ Prospectus Department, One Madison Avenue, New York, NY 10010 by calling 800-221-1037, or by faxing requests to 212-325-8057, or from Morgan Stanley’s Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 by calling 866-718-1649, or by e-mailing requests to prospectus@morganstanley.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
About EnerNOC, Inc.
EnerNOC, Inc. is a leading developer and provider of clean and intelligent power solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand. For more information, visit www.enernoc.com.
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