GT Solar International, Inc. Prices Initial Public Offering

NEW YORK - (Business Wire) GT Solar International, Inc. (NASDAQ: SOLR) today announced that the initial public offering of 30.3 million shares of its common stock has been 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 over-allotments, 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. A copy of the prospectus relating to the offering may be obtained by contacting: Credit Suisse Securities (USA) LLC, Eleven Madison Avenue,... [read full story]