Gaiam Plans IPO for Solar Unit

Gaiam Inc. (NasdaqGM: GAIA) announced today it is planning an initial public offering of a minority interest in its Real Goods Solar unit, which supplies, installs and maintains residential solar energy systems.

Gaiam said it believes the offering will optimize the potential of Real Goods Solar and create additional value for Gaiam shareholders.

The company said it has reserved the Nasdaq ticker symbol: RSOL and that it has filed with the U.S. Securities and Exchange Commission for the proposed offering of Real Goods Solar’s Class A common stock shares.