HEBEI, China, Feb. 7, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("the Company") (Nasdaq:JASO) today announced the pricing of its initial public offering of 15,000,000 American depositary shares (ADSs) at US$15 per ADS. Each ADS represents three ordinary shares of the Company. The ADSs will be listed on the Nasdaq Global Market under the symbol "JASO." The Company has granted to the underwriters a 30-day option to purchase an additional 2,250,000 ADSs to cover over-allotments, if any.
CIBC World Markets and Piper Jaffray are acting as lead underwriters of the offering, with Needham & Company, LLC and RBC Capital Markets as co-managers. A copy of the final prospectus relating to the offering may be obtained by calling +1-866-895-5637 (CIBC World Markets) or +1-877-371-5212 (Piper Jaffray).
A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission on February 6, 2007. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About JA Solar Holdings Co., Ltd.
Based in Hebei, China, JA Solar Holdings Co., Ltd. is an emerging and fast-growing manufacturer of high-performance, monocrystalline solar cells. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.