Nov. 13 (Bloomberg) — Sky Solar Holdings Ltd., a Chinese
renewable-energy developer that twice delayed listing in the
U.S., raised $44.2 million in an initial public offering.
Sky Solar sold 5,525,000 American depository receipts for
$8 each, according to a statement distributed by GlobeNewswire
today. The Hong Kong-based company listed on the Nasdaq under
the symbol SKYS.
Roth Capital Partners LLC and Northland Securities Inc.
managed the offering.
Sky Solar postponed pricing on Nov. 7 and on Nov. 12, after
initially seeking to raise as much as $150 million, according to
regulatory filings.
Shares gained 14 percent to $9.15 at the close in New York.
To contact the reporter on this story:
Justin Doom in New York at
To contact the editors responsible for this story:
Reed Landberg at
Carlos Caminada, Robin Saponar