China's LDK Plans $300M Nasdaq Listing

Chinese solar manufacturer LDK Solar Hi-Tech says it plans to raise US$300 million in a Nasdaq IPO next year.


Other Chinese solar companies planning to list in the US include solar cell maker Yingli Solar, which plans to raise US$400 million, Trina Solar Energy and Linyang Solarfun which plan to raise US$100-150 million.


Shares in China’s Suntech Power Holdings Co. Ltd. have surged 78% since it raised $396 million in a New York listing last December.


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