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IPO Market


IPO's have done favorably well this year.... One that came out this week is Suntech Power Holdings Co. Ltd... a Chinese solar energy company... Symbol "STP" ..... Suntech raised about $400 million by offering 26.4 million shares at the top of the estimated range of $13-$15 with underwriters CS First Boston and Morgan Stanley.

Earlier this week, the company boosted its estimated price range from $11-$13 as institutional investors placed orders for the IPO?. Suntech Power Holdings designs, develops and manufacturers photovoltaic, or PV, cells....Suntech Power cells are sold for residential, commercial, industrial and public-utility use in China, Europe and the U.S. The company says it has increased its manufacturing capacity 12 times in about three years, and that its cells are more efficient than some of its competitors. ..... have a look.... www.forbes.com
 

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