Opower Planning IPO for Power-Management Technology, WSJ SaysJustin Doom
Opower Inc., a provider of energy-monitoring software, is planning an initial public offering, according to the Wall Street Journal.
The company, based in Arlington, Virginia, submitted a confidential filing and has retained Goldman Sachs Group Inc. and Morgan Stanley to lead the underwriting, the newspaper reported, citing two people familiar with the matter.
President and co-founder Alex Laskey declined to comment today when reached by telephone by Bloomberg News.
Companies with less than $1 billion in annual revenue may submit confidential IPO filings under the U.S. Jumpstart Our Business Startups Act.