Trony Solar's $223 million Hong Kong IPO covered on day one

The Chinese solar power company kicks off bookbuilding for a Hong Kong IPO after abandoning an earlier plan to list on the NYSE. Meanwhile, medical equipment maker MicroPort prices its offering at the top of the indicated range to raise $198 million.

Lillian Liu

September 21, 2010

Trony Solar, a Chinese solar power company, kicked off the bookbuilding yesterday for an initial public offering of up to HK$1.73 billion ($223 million) in Hong Kong. The share sale has received strong interest with the deal being fully covered in the afternoon.

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