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IPO:First Solar's Initial Public Offering Priced at $20 Per Share
PHOENIX, Nov. 17, 2006 (PRIMEZONE) -- First Solar, Inc. (Nasdaq:FSLR) announced today its initial public offering of 20,000,000 shares of common stock at $20 per share. The 20,000,000 shares include 6,750,000 shares which are to be sold by certain stockholders of the Company. The Company will not receive any of the proceeds from the sale of common stock held by the selling stockholders. The Company also granted the underwriters rights to purchase an additional 2,942,500 shares at the initial public offering price to cover over-allotments, if any. The shares will be listed on the Nasdaq Global Market under the symbol "FSLR."