EnerNOC Launches Nasdaq IPO

EnerNOC (Nasdaq: ENOC), Energy management services company, saw its stock rise 24% on the first day of trading on Nasdaq on Friday.


The company raised $97.5 million through its offer of 3.75 million shares at $26 per share, exceeding the $21-$23 forecast. EnerNoc has a market cap of $453 million.


EnerNOC sells and manages hardware and software that monitors energy usage in buildings and shuts off power to save energy.


Its competitor, Comverge, has seen its share price rise 33% since its IPO a month ago.

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