chinese-solar-power-companies-flock-to-the-us-market

Chinese solar power companies flock to the US market

LDK and Yingli start their IPO processes as China Sunergy is set to price its initial offering at the top and Trina Solar files for a follow-on.

Anette Jönsson

May 17, 2007

Investors who havenÆt yet caught on to the hype surrounding the solar power sector have the chance right now as there will be no fewer than three Chinese solar power companies selling shares within a short space of time. A fourth was set to price its small-sized initial public offering at the top of the range after the US market closed yesterday after receiving strong demand from investors.

Among these, LDK Solar, Yingli Green Energy and China Sunergy are all seeking new listings in the US, while Trina Solar has just filed for a follow-on offering. Together, these companies may raise as much as $1.2 billion.

China-based companies have been a force to reckon...

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