Canadian Solar's Subsidiary CSI Solar Submits Application Documents for Initial Public Offering on China's STAR Market
(the "Company" or "Canadian Solar") (NASDAQ: CSIQ),today announced that its majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar") has submitted the application documents for its potential initial public offering ("IPO") and listing on the Science and Technology Innovation Board (the "STAR" Market) of the Shanghai Stock Exchange.
- (the "Company" or "Canadian Solar") (NASDAQ: CSIQ),today announced that its majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar") has submitted the application documents for its potential initial public offering ("IPO") and listing on the Science and Technology Innovation Board (the "STAR" Market) of the Shanghai Stock Exchange.
- In July 2020, Canadian Solar announced its plan to publicly list the shares of its CSI Solar subsidiary, formerly mainly the Module and System Solutions and the China Energy business, on China's stock market.
- The Company has chosen the STAR Market for the listing as it is intended to support technology and innovative companies in China.
- Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies.