{"id":366904,"date":"2010-02-26T16:16:36","date_gmt":"2010-02-26T21:16:36","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=6643"},"modified":"2010-02-26T16:16:36","modified_gmt":"2010-02-26T21:16:36","slug":"silver-spring-eyes-ipo-morgan-stanley-jefferies-co-underwriters","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/366904","title":{"rendered":"Silver Spring Eyes IPO, Morgan Stanley, Jefferies &amp; Co. Underwriters"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Cleantech\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"http:\/\/venturebeat.com\/wp-content\/uploads\/2009\/12\/Silver_springs.jpg\" alt=\"\" width=\"143\" height=\"53\" \/>Silver Spring, the SmartGrid software developer, which has raised $275 million in venture capital since its 2001 launch, is prepping for a likely Initial Public Offering (IPO).  <span id=\"more-6643\"><\/span><\/p>\n<p><a href=\"http:\/\/www.greentechmedia.com\/articles\/read\/silver-spring-prepping-for-ipo-amyris-ipo-rumblings-and-more-on-news-friday\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+greentechmedia%2Fnews+%28Greentech+Media%3A+News%29\">According to\u00a0GreenTechMedia<\/a> (citing an earlier Dow Jones news wire report) Silver Spring has hired Morgan Stanley and Jefferies &amp; Co. as underwriters.<\/p>\n<p>This potential IPO comes just a couple of months after Silver Spring, based in Redwood City, Calif.,\u00a0raised $100 million <a href=\"http:\/\/feedproxy.google.com\/..\/2009\/12\/silverspring-raises-100m-in-new-financing\/\">in new funding<\/a>, mostly from returning investors including Google Ventures, Foundation Capital, Kleiner Perkins Caufield &amp; Byers, and Northgate Capital.<\/p>\n<p>Smart grid is one of the &#8220;it&#8221; sectors in cleantech these days. Besides a pool of VC money, unprecedented funding from the Department of Energy is also supporting the technology. Over the next couple of years DOE plans to disburse <a href=\"http:\/\/feedproxy.google.com\/..\/2009\/06\/doe-releases-39bn-stimulus-funds-for-smart-grid\/\">nearly $4 billion in stimulus grants to support the development of smart grid technologies<\/a>.<\/p>\n<p>Specifically, Silver Spring, which has been called the &#8220;<a href=\"http:\/\/images.businessweek.com\/ss\/09\/07\/0714_sustainable_planet\/17.htm\" >Cisco of he smar grid<\/a>&#8221; develops Web-based tools that allow utilities and consumers to actively control their energy consumption.<\/p>\n<p>Silver Spring is involved in a number of test projects that will likely get some of that government money, <a href=\"http:\/\/feedproxy.google.com\/..\/2009\/06\/ge-and-silver-spring-to-lead-smartgrid-pilot-for-chicagos-comed\/\">including one launched this summer in Chicago<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/ub1JCVa-KHo\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver Spring, the SmartGrid software developer, which has raised $275 million in venture capital since its 2001 launch, is prepping for a likely Initial Public Offering (IPO). According to\u00a0GreenTechMedia (citing an earlier Dow Jones news wire report) Silver Spring has hired Morgan Stanley and Jefferies &amp; Co. as underwriters. This potential IPO comes just a [&hellip;]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-366904","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/366904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=366904"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/366904\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=366904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=366904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=366904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}