Avaada Electro is gearing up for an initial public offering aiming to raise up to $800 million. The solar manufacturing company has partnered with several banks to oversee this potential share sale, which will feature new stock along with a secondary sale. This move aligns Avaada Electro with other players in the renewable energy sector striving for capital markets engagement, currently boasting a solar manufacturing capacity of 8.5 gigawatts.
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