Trony Solar Cancels IPO

Dec 14 2009 | 9:54am ET

The Chinese amorphous silicon solar panel maker Trony Solar has postponed its IPO. The company had planned to go public last week.

Analysts say the Shenzhen-based company, which has posted increased revenue and profits compared to 2008, has likely postponed its initial public offering due to concerns about future profit growth.

Trony had planned to offer up to 15 million American depositary shares, plus another 2.9 million shares to its underwriters, according to its filing with the U.S. Securities and Exchange Commission. Trony’s shareholders planned to offer 4.5 million shares.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of