Later this week, GT Solar International market will be issued long-awaited IPO. The field of solar energy companies finally to the bleak matt the IPO market a glimmer of vitality.
Right now the U.S. market almost no IPO, but investors and alternative energy-related IPOs have been relatively recognition, mainly due to record oil prices and a record public increasingly worried about greenhouse gas emissions.
Headquartered in New Hampshire, Merrimack's GT Solar is a photoelectric wafer manufacturing equipment providers. The company set the IPO issue price range of 15.50 to 17.50 U.S. dollars.
GT Solar size of the issuance of shares for 3030, which means that this initial issue of shares worth about 500 million U.S. dollars. GT Solar IPO's underwriters for Credit Suisse and UBS Investment Bank.
IPO is expected this week to three nights in the final issue price, on Thursday began trading on the Nasdaq. GT Solar will use the ticker symbol "SOLR".
IPO Boutique, an analyst Scott Sweet pointed out that this IPO seems to have attracted institutional and retail investors of great interest, "it may become an outstanding performance of the IPO."
2008 first quarter, GT Solar announced the performance figures: net income of 36 million U.S. dollars on revenue of 244 million U.S. dollars.
Further tightening credit market and economic slowdown in the IPO market has a great impact. According to Hoover's Inc of the information provided, the entire second quarter, the only major U.S. Stock Exchange 13 IPO, significantly less than the same quarter last year 57.
May 8, so far this year only one type of solar IPO Real Goods Solar Inc. (RSOL) to 10 U.S. dollars price listed. However, last Friday the stock has dropped to 5.92 U.S. dollars.
GCL Silicon Tech issued 863 million U.S. dollars for IPO
GCL Silicon Technology Holdings Inc. Have submitted applications, the maximum possible value of 863 million U.S. dollars issued in the IPO. It may become the year's biggest IPO one. GCL IPO underwriters Morgan Stanley (MS) and Credit Suisse (CS).
GCL is a Hong Kong-based solar energy for industrial silicon providers. The company plans in the New York Stock Exchange, the stock symbol to be used for the "GCL".
Founded in 2006 to plan the GCL in 2010 when production increased to 13,500 tonnes / year.
GCL's chairman and controlling shareholder is, 50-year-old Zhu Gongshan. He has served as the Hong Kong Stock Exchange listed company GCL-Poly Energy Holdings Ltd.'s Executive director.
Ending March 31 to the three-month period, GCL net income of 34.7 million U.S. dollars, total operating income 82 million U.S. dollars.
Source: 新浪财经 Jul. 22, 2008
