Trony Solar aims to raise $200 million in Hong Kong IPO

If successful, it will be the second photovoltaic player to list in Hong Kong after Solargiga in 2008, but the competition for investor attention is heating up.

Trony Solar, a Chinese solar power company which aborted an earlier attempt to list on the New York Stock Exchange, has opted for an initial public offering in Hong Kong and aims to raise $200 million to fund its business expansion.

If successful, it will be only the second photovoltaic player to list in Hong Kong after Solargiga in 2008. While the change of listing venues suggests the issuer is confident about Hong Kong as a fundraising platform, most Chinese renewable energy companies are listed in the US. And whether Trony can attract a decent market response in Hong Kong -- a market mainly dominated by banking, property and conglomerates -- remains...

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