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.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/