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July 24, 2008
New
York, NY, USA: GT Solar International Prices Initial Public Offering
GT
Solar International has announced that the initial public offering
of 30.3 million shares of its common stock has been priced at
$16.50 per share. All of the shares are being sold by one selling
stockholder, GT Solar Holdings, LLC.
The
selling stockholder has also granted the underwriters an option
to purchase up to an additional 4,545,000 shares of common stock
to cover over-allotments, if any.
GT
Solar International, Inc. is a global provider of specialized
manufacturing equipment and services essential for the production
of photovoltaic wafers, cells and modules and polysilicon. The
company’s principal products are directional solidification systems
and chemical vapor deposition reactors and related equipment.
Credit
Suisse Securities (USA) LLC and UBS Investment Bank acted as joint
book-running managers for the offering, and Banc of America Securities
LLC, Deutsche Bank Securities, Piper Jaffray and Thomas Weisel
Partners LLC acted as co-managers.
A
registration statement relating to the offering was filed with
and declared effective on July 23, 2008 by the Securities and
Exchange Commission.
Further details about: GT Solar
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