Funding and M&A Roundup: Array Technologies Plans to Raise $675 Million in IPO

Emerson acquires software provider OSI for $1.6 billion

October 12, 2020

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Array Technologies, a manufacturer of ground-mounting systems used in solar PV projects, has filed to raise $675 million in an IPO of its common stock, according to an S-1 registration statementThe company intends to raise $675 million in gross proceeds from an IPO of its common stock, with the company selling 7 million shares and the major shareholder selling 26.75 million shares at a proposed midpoint price of $20 per share.

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