Qinghai Lihao, a Solar-Energy Materials Supplier, Is Said to Prepare for Hong Kong IPO
- The Chinese company may seek listing in second half of 2025
- Share sale could raise around $138 million, say sources
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Chinese solar-energy materials supplier Qinghai Lihao Semiconductor Material Co. is considering a Hong Kong initial public offering as early as the second half of 2025, according to people familiar with the matter.
The IPO of the company, which is backed by venture capital firm IDG Capital and manufactures silicon material used for solar cells, could raise around 1 billion yuan ($138 million), the people said, asking not to be identified discussing a private matter. Deliberations are ongoing and details of the offering may change, they said.