Chinese trio target New York listings

26 Nov 2009

Trony Solar, which makes thin film solar panels, set a price target late on Friday for its New York listing in the latest share sale from the busy solar energy sector.

Trony, which is based in Shenzhen, China, is targeting a price of $9-$11 for each of its 19.5m American depositary shares in a deal worth up to $214.5m at the top of the range. JPMorgan and Credit Suisse are joint bookrunners.

Around 77% of the deal is primary, ...

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