Many of the specifics (share price and quantity issued) aren't yet known, but ATS Automation has finally filed its preliminary prospective with the Securities and Exchange Commission. The company plans to raise $250 million (U.S.) by having an IPO of its Photowatt Technologies division, which would include France-based Photowatt (maker of conventional solar PV panels) and Cambridge, Ontario-based startup Spheral Solar (its next-gen technology based on silicon beads). ATS issued a press release today to acknowledge the filing.
So far, the market seems to like it. By noon the stock was up by more than 12 per cent.
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