Xinyi Energy prices HK IPO amid ‘very choppy markets’

Xinyi Energy Holdings has come through tough market conditions to finalise its Hong Kong IPO, pricing the deal towards the bottom of the guidance range.

  • By Gina Lee
  • 21 May 2019

Sole sponsor BNP Paribas helped to raise HK$3.65bn ($465m) for the Chinese solar energy provider, after an Asia-focused roadshow.

The company is being spun off from its parent, Xinyi Solar Holdings, which is already listed on the Hong Kong stock exchange (HKEX).

A source close to the deal said that this ...

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