AllThingsD » GT Solar Holdings http://allthingsd.com Sun, 27 May 2012 01:54:58 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 GT Solar Picks Wrong Day to Go Public http://allthingsd.com/20080724/gt-solar-picks-the-wrong-day-to-go-public/ http://allthingsd.com/20080724/gt-solar-picks-the-wrong-day-to-go-public/#comments Thu, 24 Jul 2008 20:45:30 +0000 Eric Savitz http://voices.allthingsd.com/?p=2099 Not a good debut today for GT Solar, a Merrimack, N.H., company that makes equipment used to manufacture solar wafers, modules and systems. The company went public today at $16.50 a share, selling 30.3 shares, for total proceeds of about $500 million. None of that goes to the company; all of the shares are being sold by GT Solar Holdings, a company owned by the venture firms GFI Energy Venture and Oaktree Capital Management. After the offering, according to the prospectus, the company has 142.4 million shares, for a market cap at the IPO price of $2.35 billion. GT Solar Holdings still owns 74 percent of the company after the offering.

Read the rest of this post

]]> http://allthingsd.com/20080724/gt-solar-picks-the-wrong-day-to-go-public/feed/ 0