Return to search

Orion Energy IPO: $100M Raised

Orion Energy Systems Inc., a Plymouth, Wis.-based maker of energy-efficient lighting systems, has raised $100 million from its initial public offering that priced in the middle of expectations. Reuters reported that the 7.7 million share offering sold for $13 per share, compared with a forecast range of $12 to $14. Underwriters, led by Thomas Weisel Partners, have the option to purchase an additional 1.2 million shares to cover overallotments.