Jiangsu Shunda, a maker of solar components, plans to raise $1B from IPO
Jiangsu Shunda, a Yangzhou, China-based manufacturer of solar equipment, has set its sights high for its upcoming IPO, telling Reuters that it plans on raising $1 billion from its listing on the NYSE during the first half of 2009.
The company supplies silicon wafers to several major international solar cell makers, such as China’s Suntech Power, which holds a 15 percent stake in Shunda, and Germany’s Q-Cells. Shunda also sells PV modules, graphite, polysilicon and crucibles.
It… Continue Reading