Renesola overcomes tough market to raise $184.5 million

The solar wafer manufacturer prices its follow-on at a 1.3% discount after the share price falls 14.7% during marketing.

Solar wafer manufacturer Renesola has succeeded in raising the capital it needs to fund its planned expansion after a share price recovery on the final three days of the roadshow refocused investor interest in the stock. The follow-on offering of American depositary shares ADS was priced at a tight 1.3% discount to TuesdayÆs close, leading to a total deal size of $184.5 million. If the 15% greenshoe is also exercised, this could increase to as much as $212 million.


To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...