Xantrex Technology completes initial public offering

Date Closed: 3/19/2001

Value: $67.03 million

Xantrex Technology Inc. completed, on March 19, 2004, its initial public offering of 3.725 million common shares at $18 per share for gross proceeds of $67.03 million. Based on the issue price, Xantrex has a market capitalization of approximately $500 million. Xantrex develops, manufactures and markets advanced power electronic products and systems.

The underwriting syndicate was represented by BLG, with a team that included Bill Sirett, Fred Pletcher, Kathleen Keilty and Graeme Martindale.