The solar tracking technology provider is aiming for $207m in an IPO on Shanghai's Star Market having raised money in a Risen Solar-backed round last year.
China-based solar tracker manufacturer Arctech Solar Holding is targeting RMB1.43bn ($207m) in an initial public offering that would enable solar energy product maker Risen Solar Technology to exit, DealStreetAsia reported today.
The company plans to issue up to 33.9 million shares on Shanghai Stock Exchange’s Star Market priced at RMB42.19 each and began the subscription process today.
Founded in 2009, Arctech produces solar tracking and racking systems for use in grid and industrial-scale solar energy projects. It launched the latest…
