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SolarMax Technology to offer 3 million shares in IPO, priced at $5 to $7 eachSolarMax Technologies Inc. has set the terms for its planned initial public offering, saying in a regulatory filing that it plans to offer 3 million shares priced at $5 to $7 each, raising $18 million at the midpoint of that range. The solar company is planning to list on Nasdaq under the ticker symbol "SXMT". The deal is being underwritten by ViewTrade Securities Inc. The company procures solar farm projects for resale to third party and developers in China, according to its prospectus, but also sells and installs solar systems for residential and commercial customers in the U.S.
Source: MarketWatch - 🏆 3. / 97 Read more »