VC-backed Opower files for IPO
Opower has filed for an IPO. The number of shares that will be sold as well as the pricing terms of the offering have yet to be set. Opower will trade its stock on the NYSE under the ticker symbol "OPWR." Morgan Stanley and Goldman Sachs will serve as lead underwriters. Headquartered in Arlington, Virginia, Opower is a provider of cloud solutions for the utility sector. Its backers include New Cycle Capital, NEA, Accel Partners and Kleiner Perkins Caufield & Byers.
4 March 2014•2 mins read
