Chinese solar power company plans US listing
Canadian Solar launches $100 million Nasdaq IPO that hopes to copy the success of Suntech.
Canadian Solar has started marketing a $100 million Nasdaq initial public offering that, if successful, will make it only the second China-based solar power company to list in the US.
The somewhat confusing name stems from the fact that the company is founded by a Chinese Canadian and is incorporated in Canada. All its manufacturing is in China, however, making it privy to the lower operating costs and speedy growth that typically apply to this market.
It has been...
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