Hot IPO for Chinese solar power company
Offer price set at the top of the range following strong demand from a variety of long-only funds.
Canadian Solar priced its initial public offering at the top end of the $13 to $15 range for a total deal size of $115.5 million after strong demand from investors.
Helped by the fact that the initial allocations had to be scaled back quite a bit, investors remained keen on the company when it started trading on Nasdaq last night. At one point the stock was quoted as high as $16.73, or 11.5% above the IPO price, but by 3pm...
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