LDK Solar, which manufactures multicrystalline wafers for use in solar cells, announced the terms of its IPO on Monday. The company plans to offer 17.4 million ADSs, including 4.0 million from selling shareholders, at a price between $25 and $27 per ADS. Each ADS will represent one ordinary share, and the ADSs are expected to trade on the NYSE. Morgan Stanley and UBS are the bookrunners on the deal.
