Thursday, May 8, 2008

Real Goods Solar Prices, Collapses (RSOL)

From the press release:

Real Goods Solar Prices $55 Million Initial Public Offering
Real Goods Solar, Inc. announced today that its initial public offering of shares of Class A common stock has been priced at $10.00 per share. The Company sold 5,500,000 shares in the offering, an increase of 500,000 shares over the previously announced offering size. The shares are scheduled to begin trading May 8, 2008 on the NASDAQ Global Market under the ticker symbol "RSOL." Real Goods Solar has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares....

The stock was expected to be priced between $10 and $12. The offering was 500K shares larger than originally proposed.
Gaiam (GAIA) retains control through class B shares (10 votes per).