UPDATE 1-Enphase Energy files for IPO of up to $100 mln
* Intends to list on Nasdaq under "ENPH"
* Morgan Stanley and Merrill Lynch lead underwriters for the offering (Follows alerts)
June 15 (Reuters) - Enphase Energy Inc, a technology provider for the solar industry, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of its common stock.
Enphase, which sells microinverters that turn direct current from solar panels into alternating current that can be fed into household power systems, did not reveal how many shares it planned to sell or their expected price, but said it will use the proceeds to grow its business and for general corporate purposes.
Morgan Stanley and Merrill Lynch are the lead underwriters for the offering, the company said in a filing with the U.S. Securities and Exchange Commission.
The company intends to list its common stock on Nasdaq, under the symbol "ENPH".
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO can be different. (Reporting by Aditi Sharma in Bangalore; Editing by Sriraj Kalluvila)
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