One & One Green Technologies Proposes U.S. IPO Terms
One & One Green Technologies Announces Proposed U.S. IPO Terms - Detailed Financial and Business Analysis
One & One Green Technologies Announces Proposed U.S. IPO Terms
Date: June 18, 2025
One & One Green Technologies, a leading innovator in sustainable energy solutions and green technology manufacturing, has recently announced its proposed terms for an initial public offering (IPO) in the United States. This move marks a significant milestone for the company as it seeks to expand its capital base, accelerate growth initiatives, and increase its market presence in the rapidly evolving renewable energy sector.
Company Overview
Founded in 2015, One & One Green Technologies specializes in the design, development, and manufacturing of advanced green energy products, including solar panels, energy storage systems, and smart grid technologies. The company has positioned itself as a key player in the clean energy transition, leveraging proprietary technology to improve energy efficiency and reduce carbon footprints for commercial and residential customers.
Headquartered in San Jose, California, One & One Green Technologies has experienced rapid growth driven by increasing global demand for sustainable energy solutions and supportive government policies promoting renewable energy adoption.
Proposed IPO Terms
According to the company's recent filing with the U.S. Securities and Exchange Commission (SEC), One & One Green Technologies plans to offer 10 million shares of common stock in the IPO, targeting gross proceeds of approximately $150 million. The proposed price range for the shares is set between $14.00 and $16.00 per share.
The company intends to list its shares on the NASDAQ stock exchange under the ticker symbol "OOGT". The proceeds from the IPO are expected to be primarily used for:
- Expanding manufacturing capacity and R&D capabilities
- Scaling sales and marketing efforts domestically and internationally
- General corporate purposes, including working capital and potential strategic acquisitions
Recent Financial Performance
One & One Green Technologies has demonstrated strong revenue growth over the past three fiscal years, supported by increasing product demand and operational efficiencies. Below is a summary of the company’s key financial metrics for fiscal years 2022 through 2024:
| Fiscal Year | Revenue (USD millions) | Gross Profit (USD millions) | Gross Margin (%) | Operating Income (USD millions) | Net Income (USD millions) | Adjusted EBITDA (USD millions) |
|---|---|---|---|---|---|---|
| 2022 | 120.5 | 42.3 | 35.1% | 8.7 | 5.2 | 12.1 |
| 2023 | 185.7 | 68.9 | 37.1% | 15.4 | 9.8 | 21.3 |
| 2024 | 260.3 | 98.7 | 37.9% | 26.1 | 17.5 | 34.8 |
Financial Highlights
- Revenue Growth: The company’s revenue grew at a compound annual growth rate (CAGR) of approximately 48% from 2022 to 2024.
- Margin Expansion: Gross margins improved steadily, reflecting operational efficiencies and favorable product mix.
- Profitability: Operating income and net income have more than doubled over the three-year period, indicating strong earnings quality and scalability.
- Adjusted EBITDA: Adjusted EBITDA margins have expanded from 10% in 2022 to 13.4% in 2024, after normalizing for one-time IPO-related expenses and non-recurring items.
Business Model and Growth Drivers
One & One Green Technologies operates a vertically integrated business model encompassing product design, manufacturing, and direct sales. Its core revenue streams include:
- Solar Energy Systems: High-efficiency photovoltaic panels and turnkey solar installations.
- Energy Storage Solutions: Advanced battery systems for residential and commercial use.
- Smart Grid Technologies: IoT-enabled energy management and grid optimization products.
The company’s cost structure benefits from economies of scale in manufacturing and strategic supplier partnerships. Key cost drivers include raw materials (notably silicon and lithium), labor, and R&D investments.
Scalability is supported by modular manufacturing facilities and a growing sales network across North America, Europe, and Asia. The company’s focus on innovation and sustainability positions it well to capitalize on accelerating global demand for clean energy solutions.
Growth Trajectory and Market Position
One & One Green Technologies’ growth has been primarily organic, fueled by expanding market adoption and product innovation. The company has also pursued selective acquisitions to enhance technology capabilities and geographic reach.
Industry analysts forecast the global renewable energy market to grow at a CAGR of 10-12% over the next five years, providing a favorable backdrop for the company’s continued expansion.