Suntech Power Holdings Co Ltd, a solar cell company based in China, plans to list in the U.S. and has set a price range of $11-13 per share.
Suntech filed a prospectus with the US SEC in November to issue up to US $300 million in American Depositary shares.
The price range values the company at about 18.6-22.1 times projected 2006 earnings.
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