chinese-solar-power-company-files-for-us-ipo

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 the deal in the first week of August. The stock will trade on the New York Stock Exchange.

Sources familiar with the deal earlier said that the company needs to raise about $750 million towards...
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