Trina Solar Limited Announces Pricing of Initial Public Offering on the NYSE
19 December 2006 - 1:21PM
PR Newswire (US)
CHANGZHOU, China, Dec. 18 /PRNewswire-FirstCall/ -- Trina Solar
Limited (NYSE:TSL) ("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 (NYSE:TSL) ("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: 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
DATASOURCE: Trina Solar Limited CONTACT: Mr. Sean Shao, CFO of
Trina Solar Limited, +(86) 519-548-6752 (Changzhou), ; 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 Trina Solar Limited Web site:
http://www.trinasolar.com/
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