Shenzhen-based Trony produces thin-film modules made from amorphous silicon, differentiating it from its crystalline-focused Chinese peers such as JA Solar, Trina Solar and Yingli Green Energy.
Trony will sell 15 million American depository shares, expected to fetch between $9 and $11 each. In addition, existing shareholders JPMorgan and Intel, which own a combined 11.9% of the company, are each selling half of their shares – or 4.5