Sinosol, the solar module maker run by German and Chinese managers, raised preIPO finance from group of investors and business angels several months before its coming flotation in Frankfurt. The companys IPO on the Deutsche Borses Prime Standard market will see shares offered for sale, of which will be new shares. Jurgen Hablicher, president of the board of directors of Cleantech Invest, the fund from Swiss firm Mountain Cleantech and one of the investors involved in the preIPO round, but analysts estimate that Stuttgart based Sinosol will have raised sum in the single digit millions of euros.
The offer price will be between EUR and EUR 15, raising between EUR 45m and EUR 61. 5m USD 69m and USD 95m of new money. Sinosol, the solar module maker run by German and Chinese managers, raised preIPO finance from group of investors and business angels several months before its coming flotation in Frankfurt. No figures have been disclosed on the size of the preIPO round, said that the attraction of Sinosol was its ChineseGerman combination.
It brings together Chinese sourcing with German knowhow. The market capitalisation of Sinosol on its listing is likely to be about EUR 140m USD 215m. Jurgen Hablicher, president of the board of directors of Cleantech Invest, the fund from Swiss firm Mountain Cleantech and one of the investors involved in the preIPO round, but analysts estimate that Stuttgart based Sinosol will have raised sum in the single digit millions of euros. The companys IPO on the Deutsche Borses Prime Standard market will see shares offered for sale, of which will be new shares.
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