The China-based solar power producer will float in the US after setting a range if between $10 and $12m for the offering.
Sky Solar, a China-based solar power producer backed by investors including corporate joint venture IDG-Accel, has set the range for an initial public offering that could net it $150m.
The company will issue 12.5 million American Depositary Shares (ADSs), each representing 8 normal shares, on Nasdaq priced between $10 and $12 each.
The underwriters have the 30-day option to acquire a further 1.75 million ADSs, which could increase the proceeds to $171m.
Sky Solar operates a 198 MW portfolio of…
