The Online Investor

Slideshow IPOs

By The Online Investor Staff, updated Thu., Jan. 28, 3:40 AM

Slide #1. Shoals Technologies Group, Inc. Initial Public Offering

Company: Shoals Technologies Group, Inc.
Proposed Symbol: SHLS
Shares Offered: 77,000,000
Price Per Share: $25.00
Over-Allotment: 11,550,000
Description: Shoals Technologies Group, Inc. (the "Company") today announced the pricing of its upsized initial public offering of 77,000,000 shares of its Class A common stock at a price to the public of $25.00 per share. The offering consists of 9,000,000 shares of Class A common stock being sold by the Company and 68,000,000 shares of Class A common stock being sold by a parent entity of the Company controlled by funds managed by Oaktree Capital Management, L.P. (the "Selling Stockholder"). In addition, the Company and the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 11,550,000 shares (the "Additional Shares") at the public offering price, less underwriting discounts and commissions. The Additional Shares consist of up to 2,550,000 shares of Class A common stock offered by the Company and up to 9,000,000 shares of Class A common stock offered by the Selling Stockholder. The Company will not receive any proceeds from any sale of shares by the Selling Stockholder. The shares of Class A common stock are expected to begin trading on the Nasdaq Global Market on January 27, 2021 under the symbol "SHLS." The offering is expected to close on January 29, 2021, subject to customary closing conditions.

IPOs: Shoals Technologies Group, Inc.

List of IPOs in this Slideshow: Company Ticker IPO Date SCP & CO Healthcare Acquisition Company SHACU Virtuoso Acquisition Corp. VOSOU Jack Creek Investment Corp. JCICU Montauk Renewables, Inc. MNTK Patria Investments Limited PAX Huadi International Group Co., Ltd. HUDI North Atlantic Acquisition Corporation NAACU EZGO Technologies Ltd. EZGO LMF Acquisition Opportunities, Inc. LMAOU Biotech Acquisition Company BIOTU Bridgetown 2 Holdings Limited BTNB TIAN RUIXIANG Holdings Ltd TIRX HealthCor Catalio Acquisition Corp. HCAQ Fortistar Sustainable Solutions Corp. FSSIU Shoals Technologies Group, Inc. SHLS

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