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Sunday, November 22, 
1:21 am

Photowatt pulls IPO

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Published August 21, 2007 at 2:14 PM

Is the heat off in the solar IPO market, or is Photowatt Solar Inc.'s initial public offering a victim of the credit crunch? The Canadian solar panel maker had filed to raise up to $185 million last September, but on Tuesday pulled its offering, citing market conditions. Tech Confidential has spoken about the credit crunch and the tech IPO market with several bankers who maintain that marginal deals may not price, but the window is still open for good companies. However, they're paid to say things like that, and a few more pulled IPOs might make them change their minds. —Stacey Higginbotham

See Photowatt's F-1
See Aug. 21 story from Reuters
See Aug. 8 story from TheDeal.com

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