Today we were supposed to see the new listing of solar thermal startup BrightSource on the Nasdaq exchange, after a previous aborted attempt. But last night, news hit the street that BrightSource had changed its mind and will not go public. An eleventh hour change of heart is not usual in the public security markets and caught analysts unaware. BrightSource was seeking to raise roughly about $150 million on the public market, but the Oakland-based company issued a press release saying it had decided not to pursue its IPO due to adverse market conditions.
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