Citigroup and Dresdner Kleinwort Wasserstein yesterday launched an initial public offering from private-equity backed German solar energy firm Q-Cells for as much as €280m ($342m). The deal is set to be one of the largest German IPOs from any sector so far this year.
It is also the first big listing from a German technology firm since the technology bubble burst in 2001, when the IPO market for German technology firms collapsed.