Tuesday, 21 October 2014
Last updated 1 hour ago
Dec 9 2009 | 10:31am ET
The Chinese amorphous silicon solar panel maker Trony Solar is expected to go public on the New York stock Exchange this week, with shares priced between $9 and $11.
Trony plans to offer up to 15 million American depositary shares, plus another 2.9 million shares to its underwriters, according to its Monday filing with the U.S. Securities and Exchange Commission. Trony’s shareholders plan to offer 4.5 million shares.
Assuming a price of $10 per share, the company says it expects to net $134.5 million from its offering, or $161.7 million if the underwriters buy the additional shares.
Trony has raised money from JP Morgan and Intel Capital, the investment arm of the chip giant in Santa Clara, California. Intel invested $20 million in Trony in 2008.
The solar panel maker offers products for off-grid and on-grid systems, as well as for consumer products and street lamps.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...