Solyndra, Inc. Files for IPO
Source/Type: Reported News

Author: CompoundSemi News Staff

January 4, 2010... Solyndra, Inc., a Fremont, California-based maker of cylindrical copper indium gallium diselenide (CIGS) photovoltaic systems for commercial rooftops, has filed a registration statement with the U.S. Securities and Exchange Commission for the proposed initial public offering of its common stock.  Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated. will be the joint book-running managers of the proposed offering. The company hopes to raise $300 million with its initial public offering. During 2009 Solyndra opened its European headquarters, got a $535 million loan guarantee from the U.S. Department of Energy, broke ground on a 500 MW solar plant, signed a framework agreement with Italy’s Sun System for about $105 Million, and signed a framework agreement with a German roofing company. (Ref: Past Solyndra News), Solyndra New Release

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