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

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us