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Energy Law

Apr. 14, 2012

BrightSource calls off its IPO

In the midst of a struggling market for solar companies, Oakland-based solar project developer BrightSource abruptly reversed course on its long-awaited IPO, announcing it would not go forward as planned.


By Paul Jones


Daily Journal Staff Writer


In the midst of a struggling market for solar companies, Oakland-based solar project developer BrightSource abruptly reversed course on its long-awaited IPO, announcing it would not go forward as planned.


BrightSource was supposed to begin trading Thursday, but the company announced the decision to kill the IPO late Wednesday night. The move comes after the company last month slashed the amount it expec...

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