Solyndra Files For $300 Million IPO
Posted by Eric Savitz [Link]Solyndra, a Fremont based provider of cylindrical photovoltaic systems for commercial rooftops, today filed with the SEC for an initial public offering to be co-managed by Goldman Sachs and Morgan Stanley. According to the filing, the company is seeking to raise $300 million.
Solyndra had sales for the nine months ended October 3 of $58.8 million; in all of 2008, sales were $6 million. The company sold 17.2 MW of panels in the first nine months of the year.
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http://sec.gov/Archives/edgar/data/1443115/000119312509255919/ds1.htm
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