Wednesday, 17 December 2014
Last updated 4 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.