Enphase Files for $100M IPO

Petaluma, CA-based Enphase, which sells microinverters that simplify the installation of residential photovoltaic arrays, filed paperwork Wednesday indicating that it hopes to raise $100 million in an initial public offering on the NASDAQ exchange. As Xconomy observed in a March profile of the company, Enphase’s DC-t0-AC conversion technology allows homeowners to configure solar panels more flexibly than traditional inverters, and to monitor the output of individual panels. The IPO documents show that Enphase’s largest shareholders are Third Point (19.1 percent), Rockport Capital Partners (18.1 percent), Madrone Partners (14.8 percent), Kleiner Perkins Caufield & Byers (7.7 percent), Applied Ventures (6.3 percent), and Bay Partners (5.5 percent). The company will be listed under the ticker symbol ENPH.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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