Solar Power Eyes $300 Million U.S. IPO to Crowdfund Green Power
- SPI's Solarbao has helped raise 1 billion yuan for solar
- Customer demand is seeing diversification of funding campaigns
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Solar Power Inc., a Shanghai-based operator of solar projects and a solar investment intermediary, plans to raise as much as $300 million in an initial public offering on Nasdaq as it expands an Internet platform to help crowdfund clean-power projects.
The company wants to have a presence in capital markets, Chief Executive Officer Roger Ye said in an interview, without disclosing the timing of a possible IPO.