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...

To continue reading, please login or register for free

Click for more on: ipo | nasdaq | solar power | deutsche bank | lehman brothers

Print Edition

FinanceAsia Print Edition