Chinese solar power company files for US IPO

GCL Silicon is aiming to raise at least $750 million to fund an aggressive capacity ramp-up over the next few years.

GCL Silicon Technology Holdings has decided to brave the still jittery market for initial public offerings and go ahead with its plans for a US listing. Yesterday the Chinese solar power company filed for an IPO of up to $862.5 million.

GCL Silicon has started investor education in the US and, while it has yet to set a definitive timetable, sources say it could kick-off formal marketing and bookbuilding at the end of this week with the aim of pricing...

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