Solarfun Power Holdings, a China-based manufacturer of solar cells and modules, priced 12.0 million shares at $12.50, the midpoint of the proposed $11.50-$13.50 range. Insiders sold 1.8 million of the shares. The company plans to use the roughly $128 million in proceeds to fund raw materials purchases and the construction of additional production lines in order to capitalize on rising residential, commercial and industrial demand for solar power. Goldman Sachs and CIBC World Markets were the underwriters on the deal. The stock is expected to begin trading on the NASDAQ this morning under the symbol "SOLF."
