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
Shares gained 14 percent to $9.15 at the close in New York.
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Carlos Caminada, Robin Saponar