Chinese Solar Company in Follow-on Equity Offering
September 24, 2008
Cleary represented the underwriters in a $200 million SEC-registered follow-on offering of ADRs of LDK Solar Co., Ltd. UBS Investment Bank and Goldman Sachs (Asia) L.L.C. acted as joint book-runners for the offering. The offering was launched and priced on September 19 and closed on September 24.
LDK is a leading manufacturer of multicrystalline solar wafers, the principal raw materials used to produce solar cells. LDK is based in Xinyu City, Jiangxi Province, China.