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Solar power system manufacturer Canadian Solar Inc. files for IPO

October 23, 2006

Canadian Solar Inc., a manufacturer of solar module products for residential, commercial and industrial solar power systems, filed for an IPO on Monday. The Canadian-based company, which operates in China, plans to offer 7.7 million shares at a range of $13-$15, giving the deal a proposed market cap of $395 million. Deutsche Bank, Lehman Brothers, CIBC World Markets and Piper Jaffray are set to manage the deal. Timing has yet to be announced.