ReneSola (SOL) Files $200M IPO

January 9, 2008 4:28 PM EST
ReneSola Ltd. (NYSE: SOL) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $200 million. The company plans to list on the NYSE under the stock symbol "SOL".

The offering is being made through Credit Suisse, Deutsche Bank Securities, Piper Jaffray, CIBC World Markets and Lazard Capital Markets.

ReneSola is a leading Chinese manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. ReneSola's customers include some of the leading global manufacturers of solar cells and modules, such as JA Solar Co., Ltd., Motech Industries Inc., Solarfun Power Holding Ltd., Suntech Power Co. Ltd. and Topco Technologies Corp.

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