BrightSource Energy Withdraws IPO
Shattering hopes for the solar power market, Oakland-based BrightSource Energy said in a regulatory filing this morning that it is withdrawing its IPO. Citing "current market conditions", BrightSource said it has decided not to proceed with its initial public offering. BrightSource had been expected to IPO today, with reception of its IPO expected to reflect the interest of the market in alternative energy companies. BrightSource had set a pricing range of between $21.00 and $23.00 per share, expecting to raise around $210.1M in funding for its development of solar thermal power plants.
posted on Thursday, April 12, 2012
Related companies:
BrightSource Energy Inc
Related stories:
> BrightSource Files For IPO
> BrightSource Energy Sets IPO Pricing Range
> BrightSource Energy Banks $80M More
> Google Investing $168M In BrightSource Power Plant
> BrightSource Energy Banks Another $150M
silicontap.com Home