LDK Solar, a Chinese manufacturer of multicrystalline wafers for use in solar cells, priced 17.4 million shares at $27, the high end of its proposed $25 to $27 range. The company plans to use the proceeds for an aggressive capacity expansion strategy that should position it to capitalize on rampant demand for wafers from cell manufacturers. Morgan Stanley and UBS Investment Bank were the joint book runners on the deal. The stock is expected to begin trading on the NYSE this morning under the symbol "LDK."
