Trina Solar Limited Announces Pricing of Initial Public Offering on the NYSE
Posted on: Monday, 18 December 2006, 21:00 CST
CHANGZHOU, China, Dec. 18 /PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar"), an integrated manufacturer of solar power products based in Changzhou, China, announced today that its initial public offering of 5,300,000 American Depositary Shares ("ADSs") has been priced at $18.50 per ADS.
The ADSs, each representing 100 ordinary shares of Trina Solar, will begin trading tomorrow, December 19, 2006, on the New York Stock Exchange under the ticker symbol "TSL." Trina Solar has granted the underwriters a 30-day option to purchase up to an additional 800,000 ADSs.
Merrill Lynch & Co. was the sole global coordinator and bookrunner, Cowen and Company acted as the joint lead manager, and CLSA Asia-Pacific Markets acted as a co-manager for the offering.
Trina Solar's registration statement relating to these securities was declared effective as of December 18, 2006 by the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A copy of the prospectus relating to the offering may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, Address: 4 World Financial Center, New York, New York 10080, United States, Phone: +(1) 212-449-1000.
About Trina Solar Limited:
Trina Solar Limited ("Trina Solar"), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar power products manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business, followed in late 2004 by its solar module business. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers worldwide, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at http://www.trinasolar.com/.
Contact: Trina Solar Limited Mr. Sean Shao, CFO Phone: +(86) 519-548-6752 (Changzhou) Email: ir@trinasolar.com CCG Elite Investor Relations Mr. Crocker Coulson, President Phone: +(1) 646-213-1915 (New York) Elaine Ketchmere, VP Financial Writing Phone: +(1) 310-231-8600 ext 119
Trina Solar Limited
CONTACT: Mr. Sean Shao, CFO of Trina Solar Limited, +(86) 519-548-6752(Changzhou), ir@trinasolar.com; or Mr. Crocker Coulson, President,+1-646-213-1915 (New York), or Elaine Ketchmere, VP Financial Writing,+1-310-231-8600, ext 119, both of CCG Elite Investor Relations, for TrinaSolar Limited
Web site: http://www.trinasolar.com/
Source: PRNewswire-FirstCall
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