Orrick Reps BrightSource In Planned $250M Solar IPO

Law360, New York (April 25, 2011, 3:12 PM EDT) -- Budding solar thermal power systems giant BrightSource Energy Inc. told securities regulators Friday it is planning a $250 million initial public offering, but warned potential investors that their participation would require a stomach for risk.

Underwriting the company's foray into the public stock market are Goldman Sachs & Co., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., BrightSource told the U.S. Securities and Exchange Commission.

"This offering involves a high degree of risk," Oakland, Calif.-based BrightSource, which lost $71.6 million in 2010 alone, told the...
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