LDK Solar (LDK) Approaching IPO of Poly Arm, Shares Rise
Tweet
Share
E-mail
Get Alerts LDK Hot Sheet
Join SI Premium – FREE
LDK Solar Co. (NYSE: LDK) is closer to an initial public offering of its polysilicon unit in Hong Kong by launching roadshow, according to a report from Pacific Epoch citing an unnamed source.
The company has hired Citigroup Inc. (NYSE: C) to underwrite the IPO, which is seeking to raise between $700 million and $800 million.
Reports in early March had LDK preparing to list the poly unit in Hong Kong during the second half of this year to help fund production capacity expansion.
Shares of LDK are up 3.11 percent to $11.60 in premarket trade on Monday.
The company has hired Citigroup Inc. (NYSE: C) to underwrite the IPO, which is seeking to raise between $700 million and $800 million.
Reports in early March had LDK preparing to list the poly unit in Hong Kong during the second half of this year to help fund production capacity expansion.
Shares of LDK are up 3.11 percent to $11.60 in premarket trade on Monday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Can Schneider do a deal for Bentley? Citi discusses
- L'Oreal SA (OR:FP) (LRLCY) PT Raised to EUR450 at Citi
- Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR2.90 at Citi
Create E-mail Alert Related Categories
Corporate News, IPOs, RumorsRelated Entities
CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
