Sunday, May 13, 2007

China's LDK Solar files with U.S. SEC for IPO

WASHINGTON, May 11 (Reuters) - China's LDK Solar Co. Ltd. filed with U.S. regulators on Friday for an initial public offering of up to $400 million in American Depositary Shares.

The company, which manufactures solar wafers used to produce solar cells, said in a filing with the U.S. Securities and Exchange Commission that Morgan Stanley, UBS Investment Bank, Piper Jaffray, CIBC World Markets, and CLSA Asia-Pacific Markets are underwriting the IPO.

LDK Solar plans to list its ADSs on the New York Stock Exchange under the symbol "LDK".

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