Silver Spring Networks, which supplies a networking platform for energy utilities, announced the pricing of its initial public offering of 4,750,000 shares of common stock at a price to the public of $17.00 per share. This equates to approximately $81 million.
The shares are expected to begin trading on The New York Stock Exchange on March 13, 2013 under the symbol “SSNI.”
Silver Spring Networks customers include major utilities around the globe such as Baltimore Gas & Electric, CitiPower & Powercor, Commonwealth Edison, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and Progress Energy, among others.
