GT Solar Prices Big IPO

GT Solar International Inc., a Merrimack, N.H.-based provider of manufacturing equipment and solutions to the photovoltaic industry, has raised $500 million in its IPO. The company priced 30.3 million shares at $16.50 per share ($15.50-$17.50 range), for an initial market cap of approximately $2.35 billion. Credit Suisse and UBS served as co-lead underwriters.


Shareholders include GFI Energy Ventures, Oaktree Capital Management and the RBC Global Energy Fund.