China Hydroelectric, a small hydropower plant operator, raised the proposed deal size for its upcoming IPO scheduled for the week of Jan. 18. The Beijing-based company now plans to raise $70 million by offering 4.4 million units at a price of $16, with each unit consisting of one ADS (worth three ordinary shares) and one warrant entitling the holder to purchase three ordinary shares for $15. It previously expected to raise $50 million by offering 3.1 million units at the same price. China Hydroelectric will list its ADSs and warrants separately on the NYSE under the symbols CHC and CHCW, respectively. Broadband Capital, I-Bankers Securities and Merriman Curhan Ford are the lead underwriters on the deal, which is expected to price this Thursday, Jan. 21.
