Isovoltaic has postponed its proposed €378 million initial public offering (IPO) due to existing market conditions, Bloomberg reports. Isovoltaic had intended to issue about 18 million shares, including an overallotment option of 2.3 million shares, adds Reuters. Goldman Sachs, Credit Suisse, Morgan Stanley and Erste Group Bank were joint global coordinators and bookrunners for the sale. Austria’s Isovoltaic makes backsheets for solar modules.
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