By Colin KellaherSolarMax Technology on Friday reduced the size of its planned initial public offering to 4.5 million shares from 7.5 million. The Riverside, Calif., solar-energy company said it still expects an offering price of $4 a share for net proceeds of about $16.9 million, down from a prior estimate of roughly $27.1 million.

Source: Wall Street Journal July 07, 2023 22:17 UTC