Monday, December 21, 2009

Solyndra Looks For IPO

Fremont-based solar panel manufacturer Solyndra filed for an IPO late Friday night, underwritten by Goldman, Sachs & Co. and Morgan Stanley. Solyndra said it is looking to raise up to $300M in the offering, on an unspecified exchange. The firm reported a net loss of $119M for the nine months ended October 3, 2009, on revenues of $58.8M. Solyndra is venture backed by Argonaut Ventures, CMEA Ventures, Madrone Partners, Redpoint Ventures, Rockport Capital Partners, and U.S. Venture Partners.