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  • FTC Solar's stock opens higher, after IPO priced at a lower-than-expected price

    FTC Solar Inc.'s stock rallied out of the gate Wednesday, even after the solar tracker systems company's upsized initial public offering priced well below the expected range. The company had said on Tuesday that it expectd to offer 18.42 million shares in the IPO, which was expected to price between $18 and $20 a share, but then said overnight that it sold 19.84 million shares at $13 a share to raise $257.92 million. The stock's first trade on the Nasdaq was at $15.21 at 12:44 p.m. Eastern for...

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  • Soaring Lumber Prices Add Nearly $36,000 To The Price Of A New Home: NAHB

    Soaring Lumber Prices Add Nearly $36,000 To The Price Of A New Home: NAHB Authored by Tom Ozimek via The Epoch Times, Skyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright stars of the recovery from the...

    ZeroHedge
  • FTC Solar prices IPO at $13 a share, well below $18 to $20 price range

    FTC Solar Inc. priced its upsized initial public offering on Wednesday at $13 a share, well below its proposed price range of $18 to $20. The company, which makes solar tracker systems, offer 19.8 million shares, up from an earlier plan to offer 18.4 million. The stock will start trading on Nasdaq later Wednesday, under the ticker symbol 'FTCI.' There were nine banks underwriting the deal, led by Barclays, BofA Securities, Credit Suisse and UBS Investment Bank. Proceeds will be used for general...

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