GT Solar International Inc., a provider of specialized manufacturing equipment and services for the production of photovoltaic wafers, cells and modules and polysilicon, has set an initial public offering of 30.3 million shares of its common stock, priced at $16.50 per share.
All of the shares are being sold by one selling stockholder, GT Solar Holdings LLC. The selling stockholder has also granted the underwriters an option to purchase up to an additional 4,545,000 shares of common stock to cover overallotments, if any.
Credit Suisse Securities (USA) LLC and UBS Investment Bank acted as joint book-running managers for the offering, and Banc of America Securities LLC, Deutsche Bank Securities, Piper Jaffray and Thomas Weisel Partners LLC acted as co-managers.
SOURCE: GT Solar International