Renaissance Capital logo

SinoTech Energy prices IPO at $8.50, midpoint of the range

November 3, 2010
CTE

SinoTech Energy Limited, a Chinese provider of enhanced oil recovery services, raised $168 million by offering 19.7 million ADSs at $8.50, the midpoint of the $7.50-$9.50 range. SinoTech Energy Limited plans to list on the NASDAQ under the symbol CTE. UBS Investment Bank acted as lead manager on the deal.