energy, Solar, IPO
STR Holdings Sets IPO Terms
Ryan McBride 10/22/09
STR Holdings, an Enfield, CT-based maker of sheets and film that encapsulate solar cells, said today that the company and its shareholders propose to sell 12.3 million shares of common stock for $13 to $15 in its planned initial public offering, according to an SEC filing. There are a total of 14.1 million shares registered in the offering, meaning the sale of shares could total up to about $212.3 million. The company, which was founded in 1944, has requested that its shares trade on the New York Stock Exchange under the ticker “STRI.”
Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.
