China Hydroelectric, which acquires and operates small hydropower plants in China, raised $96 million on Monday by offering 6 million units at $16.00. The company had previously planned to sell 5 million units at $16 apiece. Each unit contains one ADS representing three ordinary shares, and one warrant to purchase three ordinary shares for $15. The ADSs and warrants are expected to begin trading this afternoon on the NYSE under the symbols CHC and CHCW, respectively. Broadband Capital, i-Bankers Securities, and Merriman Curhan Ford acted as lead managers on the deal.
