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Sky Solar Nets $46.1 Million From IPO

Sky solarThe Hong Kong based solar PV project developer Sky Solar Holdings netted a reported US$46.1 million for its recent IPO on the NASDAQ stock exchange, as per recent press reports.

The IPO saw 6,353,750 American depositary shares (ADS) put on offer — with each of these being equivalent to eight of Sky Solar’s regular shares — for $8 an ADS. According to the company’s manager for the IPO, ROTH Capital Partners, the gross proceeds from the IPO were $50.8 million.

Related:

Sky Solar IPO Reduced By Two-Thirds

Sky Solar, China Development Bank, & Sigdo Koppers to Invest $900 Million in Solar PV Plants in Chile

Image Credit: Sky Solar Holdings

 
 
 
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Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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