Xinyi Energy charges up $564m Hong Kong IPO

solar power dawn sun from Adobe 230x150
By Jonathan Breen
14 May 2019

Xinyi Energy Holding, a Chinese solar power producer, has hit the road to begin drumming up interest in its up to HK$4.4bn ($564m) IPO, according to a term sheet seen by GlobalCapital Asia.

The float comprises 1.88bn new shares, 28.41% of the issuer’s total equity capital, which sole sponsor BNP Paribas is marketing at HK$1.89 to HK$2.35 each.

At price guidance Xinyi could raise anywhere from HK$3.6bn to HK$4.4bn or as much as HK$5.1bn based on the 15% greenshoe of 282.4m primary ...

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