SolarEdge Surges in Trading Debut as IPO Raises $126 Million
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SolarEdge Technologies Inc., a maker of components for photovoltaic systems, surged in its trading debut after raising $126 million in an initial public offering.
SolarEdge jumped 15 percent to $20.70 at the close in New York, after pricing 7 million shares at $18. The company is trading on the Nasdaq Global Select Market under the ticker SEDG.