Kirkland-Led Solar Panel Maker Leads 2 IPOs Nabbing $1.6B

Law360 (October 15, 2020, 7:46 PM EDT) -- Shares for a solar panel maker took off Thursday as part of a pair of companies that kicked off trading to raise more than $1.6 billion through initial public offerings guided by Kirkland, Davis Polk, Skadden and Cleary.

Kirkland-led Array Technologies Inc. said it raised a staggering $1 billion by offering 47.5 million shares — 7 million being offered by the company and shareholders selling the rest — for $22 each, above the price range between $19 to $21 the company initially set in its regulatory filings. Array initially filed to offer 33.75 million shares before increasing the amount twice....

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