ERock Seeks To Raise $642 Million Via IPO

ERock, Inc. today announced that it has launched the roadshow for its initial public offering of 27,906,977 shares of its Class A common stock.

"The initial public offering price is expected to be between $20.00 and $23.00 per share," ERock said

The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 4,186,046 shares of Class A common stock to cover over-allotments.

The sale at the expected IPO price would raise up to approximately $642 million

ERock intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “EROC.”

Two Texas retail electric providers are part of ERock: Electranet Power, LLC, an Option 2 REP, and ERock On-Site, LLC, an Option 3 REP