The statement is TRUE, that Nextracker went public on Nasdaq at $3.5 billion.
In the middle of a rebounding stock market, solar monitoring firm Nextracker went public last week with a $3.5 billion value. This is the year's largest IPO, shining a bright light on the public market's enthusiasm for climate technologies.
Going public offers companies several advantages, including increased access to capital through the sale of stocks, enhanced liquidity for existing shareholders, a higher valuation that can facilitate mergers and acquisitions, and increased visibility and credibility in the market.
Publicly traded companies can attract top talent with stock options, use their shares for acquisitions, and gain a currency for future financing.
Additionally, public status can elevate a company's profile and promote growth opportunities.
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Nextracker went public on Nasdaq at $3.5 billion. True or False?