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China Hydroelectric adds warrants to upcoming offering

January 11, 2010
CHC

China Hydroelectric, a small hydropower plant operator, slightly modified terms for its upcoming IPO scheduled for the week of Jan. 18. The Beijing-based company previously expected to offer 3.1 million ADSs at a price range of $15-$17; it now plans to offer 3.1 million units, with each unit consisting of one ADS (worth three ordinary shares) and one warrant entitling the holder to purchase three ordinary shares for $15. China Hydroelectric plans to list on the NYSE under the symbol CHC. Broadband Capital is the lead underwriter on the deal.