Wednesday, October 4 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Oct 02
Week of Sep 25
Week of Sep 18
Week of Sep 11
Week of Sep 04
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Canadian Solar subsidiary starts trading on Shanghai bourse

    June 9, 2023 - SeeNews Renewables


      June 9 (Renewables Now) - CSI Solar Co Ltd, a majority-owned unit of Canadian Solar Inc (NASDAQ:CSIQ), has finalised its initial public offering (IPO) on the Shanghai Stock Exchange's Sci-Tech Innovation Board, raising total gross proceeds of about CNY 6 billion (USD 842m/EUR 789m).

      As part of the listing, the company has issued 541 million shares at CNY 11.10 apiece, representing a 15% post-transaction interest. It has also provided the principal underwriter with a 30-day option to buy up to an additional 81.16 million shares. Assuming that this over-allotment option is exercised in full, Canadian Solar will own about 62% of CSI Solar following the IPO.

      CSI Solar, one of Canadian Solar’s two main businesses, is involved in solar module manufacturing and operates as a total system solutions provider. As of today, the firm trades on the Sci-Tech Innovation Board under the stock code “688472”.

      (CNY 1.0 = USD 0.140/EUR 0.131)


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.