Three cleantech companies recently filed for initial public offerings (IPO).
GCL Silicon Technology Holdings inc. filed with the U.S. Secruities and Exchange Commission for the IPO of up to $862.5 million in American depository shares (ADS).
The Hong Kong-based company makes polysilicon and wafers for the solar industry and plans to list its ADS on the New York Stock Exchange (NYSE) under the symbol "GCL."
The company listed Morgan Stanley, Credit Suisse, HSBC Securities, Cowen & Co and Piper Jaffray as underwriters.
GCL said it will use part of the proceeds to develop its Chinese subsidiary Jiangsu Zhongneng Polysilicon Technology Development Co. GCL also announced plans to buy Sun Wave Group LTD and Greatest Joy International Ltd, which own minority stakes in Jiangsu Zhongneng Polysilicon Technology Development Co, and are controlled by GCL’s chairman and majority shareholder, Zhu Gongshan.
First Wind Holding Inc has filed for an IPO on Nasdaq under the ticker "WNDY." As a holding company, it owns class A and class B "units" of First Wind Holdings, LLC, and intends to offer approximately $450 million worth of shares.
First Wind Holdings, LLC develops, owns and operates wind energy projects and says it has a portfolio of projects with a potential capacity of more than 5, 500 megawatts (MW). Of this, 92 MW are currently in operation and 182 MW are under construction, according to the company. It has a goal of installing 1,100 MW by the end of 2010.
Underwriters for the IPO are listed as Credit Suisse, Goldman Sachs, and JPMorgan.
Enfield, Connecticut-based STR Holding Inc. is seeking an IPO of up to $300 million in common stock, to be listed on the NYSE under the symbol "PVS."
The company owns Specialized Technology Resources, which makes plastic laminates and encapsulants that protect semiconducting materias in solar modules. The company reportedly supplies these components to companies including BP Solar, First Solar and SunPower Corporation.
Credit Suisse and Goldman Sachs will underwrite the IPO.
Loading...