JA Solar Holdings has filed for an IPO this week.  It wants to come public on NASDAQ under the "JASO" ticker.  This is yet another Chinese manufacturer of high-performance solar cells, which isn’t a surprise after the successful solar IPO’s that came out of China at the end of 2006.  At some point these have to stop, but as long as these are operational companies that look better on revenues and profits than the US-based solar plays then you can expect the Chinese players to keep trying to come public.

The company plans to offer 15 million ADS’s at a range of $12.50-$14.50, giving it a proposed market cap of $590 million. CIBC World Markets and Piper Jaffray are set to manage the underwriting and the timing has yet to be announced.

Jon C. Ogg
January 18, 2007