{"id":38499,"date":"2009-11-09T08:53:37","date_gmt":"2009-11-09T13:53:37","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55061"},"modified":"2009-11-09T08:53:37","modified_gmt":"2009-11-09T13:53:37","slug":"str-holdings-prices-ipo-below-range-trades-higher","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/38499","title":{"rendered":"STR Holdings Prices IPO Below Range, Trades Higher"},"content":{"rendered":"<p><span style=\"font-size: x-small;\"><strong>STR Holdings Inc.<\/strong>, an Enfield, Conn.-based maker of solar power module encapsulants, raised $123 million in its IPO. The company priced\u00a012.3 million common shares at $10 per share (below $13-$15 offering range), and closed its first day of trading at $13.10 per share.<\/span><\/p>\n<p><span style=\"font-size: x-small;\">Credit Suisse and Goldman Sachs served as co-lead underwriters on the IPO. <\/span><\/p>\n<p><span style=\"font-size: x-small;\"><strong>DLJ Merchant Banking Partners<\/strong> sold around 4.88 million shares in the IPO, but still holds around a 36% ownership position. <\/span><span style=\"font-size: x-small;\">Northwestern Mutual Life Insurance Co. sold around 1.46 million shares, and now holds a 10.8% stake.<\/span><\/p>\n<p><a href=\"http:\/\/sharethis.com\/item?&#038;wp=2.6.2&amp;publisher=cc2b1207-de99-4484-bf7a-c797973e9397&amp;title=STR+Holdings+Prices+IPO+Below+Range%2C+Trades+Higher&amp;url=http%3A%2F%2Fwww.pehub.com%2F55061%2Fstr-holdings-prices-ipo-below-range-trades-higher%2F\">ShareThis<\/a><\/p>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/eVAG4Qygcaj91oSGEBgYCzVC0JE\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/eVAG4Qygcaj91oSGEBgYCzVC0JE\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/eVAG4Qygcaj91oSGEBgYCzVC0JE\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/eVAG4Qygcaj91oSGEBgYCzVC0JE\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:dnMXMwOfBR0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?d=dnMXMwOfBR0\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?i=fxl9qso_np4:VEvdSoydddA:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?i=fxl9qso_np4:VEvdSoydddA:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?a=fxl9qso_np4:VEvdSoydddA:l6gmwiTKsz0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/pehub\/news\/all?d=l6gmwiTKsz0\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/pehub\/news\/all\/~4\/fxl9qso_np4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STR Holdings Inc., an Enfield, Conn.-based maker of solar power module encapsulants, raised $123 million in its IPO. The company priced\u00a012.3 million common shares at $10 per share (below $13-$15 offering range), and closed its first day of trading at $13.10 per share. Credit Suisse and Goldman Sachs served as co-lead underwriters on the IPO. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38499","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=38499"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38499\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=38499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=38499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=38499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}