Camas-based Invest Green Enterprises raised $172.5 million in its first initial public offering on New York’s Nasdaq stock market Wednesday.

Invest Green Acquisition Corp., which now trades on Nasdaq under the stock ticker IGACU, aims to boost the renewable energy sector.

The company announced earlier this week it would offer 15 million shares of common stock at $10 per share with the goal of raising at least $150 million. It ended up selling 17.25 million shares .

The corporation, a subsidiary of Invest Green Enterprises, is a special purpose acquisition company, or SPAC.

Sometimes referred to as a blank check company, a SPAC is an investment vehicle created to raise money and ultimately merge with an existing private company to take that private company public.

Washington native A

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