Chinese renewable-energy company, Nobao Renewable Energy Holdings, is seeking to raise $300 million through an initial public offering (IPO), The Wall Street Journal reports. The company will list its American depositary shares on the New York Stock Exchange. The proceeds from the IPO are expected to be used by the company to fund its Su-Tong Project and expand its energy management contracts, adds Reuters. Citi, Deutsche Bank Securities, Goldman Sachs, UBS Investment Bank have been appointed as underwriters of the offering.
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