SAN JOSE -- Nextracker has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.

The initial public offering and its timing are subject to market and other conditions and the SEC's review process, the company said in a press release.

Nextracker, a subsidiary of Flex, provides solar tracker equipment and software. Flex has been pushed by investors to spin the company off as means to unlock its potential investment value.

• Prev
• Next