OPT Announces the Pricing of its IPO in the U.S.

Pennington, New Jersey [RenewableEnergyAccess.com] Ocean Power Technologies, Inc. (OPT) announced the pricing of its U.S. initial public offering (IPO) of 5,000,000 shares of its common stock at a price to the public of $20.00 per share. All of the 5,000,000 shares being sold in the offering are being sold by the company. The company will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering may be made only by means of a final prospectus.
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