EnerNOC Ups IPO Terms


EnerNOC Inc., a Boston-based provider of demand response and energy management solutions, has increased its IPO pricing range from $21-$23 per share to $23-$25 per share. It still plans to offer 3.75 million common shares, and to trade on the Nasdaq under ticker symbol ENOC. Credit Suisse and Morgan Stanley are serving as co-lead underwriters. The company has raised around $28 million in VC funding, including an infusion late last year at a post-money valuation in excess of 4215 million. Shareholders include Foundation Capital, Draper Fisher Jurvetson, Braemar Energy Ventures and DFJ New England. www.enernoc.com