|SunPower Announces Initial Public Offering|
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 17, 2005--SunPower Corporation, a subsidiary of Cypress Semiconductor Corp. (NYSE:CY - News), announced today its initial public offering of 7,700,000 shares of its Common Stock at $18 per share, before underwriting discounts and commissions.
Credit Suisse First Boston LLC and Lehman Brothers, Inc. are the joint book-running managers for the offering and SG Cowen & Co., LLC and First Albany Capital, Inc. are co-managers.
All shares are being offered by SunPower Corporation except 30,000 shares which will be offered by a selling stockholder in the event the underwriters exercise their over-allotment option to purchase up to an additional 1,155,000 shares.
SunPower Corporation's Common Stock will be traded on The NASDAQ National Market under the symbol "SPWR."
SunPower Corporation, headquartered in Sunnyvale, Calif., designs, manufactures and sells solar-electric power products. The offering of these securities is made only by means of a prospectus, copies of which may be obtained from Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New York, NY, 10010 (telephone: 212-325-2580 or fax: 212-325-8057); and Lehman Brothers Inc., c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY, 11717, email: firstname.lastname@example.org or fax: 631-254-7268.
A registration statement related to these securities was filed with the Securities and Exchange Commission and declared effective by the SEC on November 16, 2005. The public offering is being made by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
SunPower is a registered trademark of SunPower Corp. Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.
Julie Blunden, 408-470-4277
Source: SunPower Corporation