Deals
Growatt Receives HKEX Approval for $1 Billion Hong Kong IPO, Sources Say
- Firm could start taking investor orders soon as next week
- Chinese solar firm IPO could be HK’s fourth largest this year
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Growatt Technology Co., a Chinese solar energy device maker, has received approval from the Hong Kong stock exchange for an initial public offering, according to people familiar with the matter.
The Shenzhen-based company was given the green light following a hearing Thursday with the bourse’s listing committee, the people said, asking not to be identified as the information is not public. Growatt may seek about $1 billion through the first time share sale, and could start taking orders as soon as next week, Bloomberg News has reported.