Sky Solar Raises $44.2 Million in Initial Public Offering

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

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