Underwriters for Photowatt Technologies Inc., which makes solar cells and modules, have set the terms for its pending initial public offering at 10.9 million shares – estimated price range of $15 to $17 a share.
Photowatt is a unit of Canada’s ATS Automation Tooling Systems Inc., which is listed on the Toronto Stock Exchange. Photowatt intends to list on the Nasdaq Global Market under the symbol “PHWT,” and in Toronto under the symbol “PHW.”
For the nine months ended Dec. 31, Photowatt lost $6.5 million, widening from a loss of $144,000 in the same period a year earlier.
(Visited 1,298 times, 3 visits today)
Loading...