Real Goods Solar a subsidiary of Gaiam, Inc. (Nasdaq: GAIA) filed for an initial public offering last week.
Real Goods Solar is a leading residential and commercial solar energy installer, founded in 1978. The company offers turnkey services, including the design, procurement, installation, grid connection, monitoring, and maintenance of solar energy systems.
Real Goods Solar’s predecessors were acquired by Gaiam in 1999 and 2001.
Gaiam said in a statement it believes an initial public offering will optimize Real Goods Solar’s potential and create additional value for Gaiam shareholders.
A registration statement has been filed with the Securities and Exchange Commission for a proposed initial public offering of Class A common shares of Real Goods Solar. All shares to be sold in the offering will be offered by Real Goods Solar. ThinkEquity Partners LLC will be acting as the lead manager with Canaccord Adams Inc. and Broadpoint Capital, Inc. as co-managers. Real Goods Solar has reserved the Nasdaq ticker symbol "RSOL."
About Gaiam, Inc.
Gaiam (http://www.gaiam.com) is a lifestyle media company providing information, media, products and services to customers who value personal development, wellness, ecological lifestyles, responsible media and conscious community.
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