Tuesday, July 22, 2008

GT Solar set to break the IPO drought, GCL Silicon coming next

The long-delayed initial public offering for GT Solar International, the Merrimack, N.H., supplier of solar-cell equipment, is scheduled to go forward on Thursday. The stock will trade on the NASDAQ exchange under the ticker symbol SOLR. If the offering goes ahead as planned, it will be the first IPO by a U.S. venture-backed company since the end of the first quarter, breaking the national IPO drought.

GCL Silicon Technology Holdings Inc. on Monday filed to raise up to $863 million in an initial public offering. The Hong Kong-based supplier of silicon wafers to the solar industry plans to trade on the New York Stock Exchange under the symbol GCL.


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