Xinyi Solar Holdings Ltd, the solar glass unit of Hong Kong-listed Xinyi Glass Holdings Ltd. (0868.HK), started pre-marketing Tuesday for its around US$150 million Hong Kong initial public offering, according to a term sheet seen by Dow Jones Newswires Tuesday.
During pre-marketing, a company and its bankers gauge investor interest in an IPO and come up with a price range for the deal. Xinyi Solar, which makes ultra-clear photovoltaic raw glass, plans to sell 520 million new shares in the offering.
Read more: http://www.foxbusiness.com/industries/2011/11/08/xinyi-solar-holdings-starts-pre-marketing-tuesday-for-around-us150-million-hong/#ixzz1dDlYw1TL