The IPO is the world’s third largest offering by a renewable energy company. Longyuan sold 2.14 bn shares at HK$8.16 per share, at the top end of the price range offered to investors, according to reports. Longyuan has yet to have made an official announcement on the IPO. Demand from Hong Kong and investors far exceeded expectations, traders said, adding that buying was led by Chinese sovereign wealth fund China Investment Corp, and US billionaire Wilbur Ross’ WL Ross & Co.
The
