Skycorp Solar Group, a Chinese provider of solar photovoltaic and high performance computing products, raised $8 million by offering 2 million shares at $4, the low end of the range of $4 to $5.
RC note: Skycorp Solar finished its first day up 1%.
Operating through its subsidiaries in China, Skycorp generates revenue through the manufacturing and sale of solar photovoltaic products, such as solar cables and connectors, as well as the sale of high performance computing products. The company's mission is to become a green energy solutions provider to power data centers by using solar power and delivering environment-friendly solar photovoltaic products.
Skycorp Solar Group plans to list on the Nasdaq under the symbol PN. Cathay Securities acted as sole bookrunner on the deal.
