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Corporate

Mar. 24, 2012

BrightSource lowers amount to be raised in IPO

Oakland-based BrightSource, which develops utility scale solar-thermal projects, has reduced the amount of money it expects to raise in its initial public offering to $182.5 million from its original goal of $250 million.


By Paul Jones


Daily Journal Staff Writer


Oakland-based BrightSource, which develops utility scale solar-thermal projects, has reduced the amount of money it expects to raise in its initial public offering to $182.5 million from its original goal of $250 million.


An amendment to its S-1, filed Wednesday, also reveals that BrightSource expects legal fees for the IPO to total $2.1 million. Alan Talkington and Brett Cooper of Orrick, Herrington &...

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