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Solarfun IPO Raises $150 Million

Solarfun Power Holdings Co Ltd., a China-based manufacturer of photovoltaic cells and modules, priced 12 million American depository shares at $12.50 per share ($11.50-$13.50 forecast), for an IPO take of approximately $150 million. It will trade on the Nasdaq under ticker symbol SOLF, while Goldman Sachs (Asia) served as lead underwriter. Shareholders include Citigroup Venture Capital, Hony Capital, LC Fund III and Good Energies Investments Ltd.