Flex: Nextracker files registration statement for proposed IPO

Flex announced that its subsidiary, Nextracker, has publicly filed a registration statement on Form S-1 with the U.S. SEC relating to a proposed initial public offering of shares of Nextracker’s Class A common stock. In connection with the proposed offering, Nextracker intends to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol "NXT." The timing, number of shares of Common Stock to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions. J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting as joint lead book-running managers for the proposed offering. Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and KeyBanc Capital Markets are acting as joint book-running managers for the proposed offering. SMBC Nikko, BTIG, UniCredit, and Roth Capital Partners will act as co-managers for the proposed offering.