India, June 10 -- ERock, Inc. (EROC), a provider of onsite power solutions, on Wednesday announced the pricing of its initial public offering of 27.91 million shares of Class A common stock at $21.50 per share.
The offering is expected to close on June 11.
The gross proceeds from the offering are expected to be approximately $600 million.
The company also granted the underwriters a 30-day option to purchase up to an additional 4.2 million shares to cover over-allotments.
Shares are expected to begin trading on the New York Stock Exchange on June 10 under the ticker symbol "EROC."
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....