Nobao Renewable Energy (NRE) Re-Files for $300M IPO

May 9, 2011 12:15 PM EDT
Nobao Renewable Energy Holdings Limited (NYSE: NRE) re-filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $300 million. Nobao filed to list on the New York Stock Exchange under the ticker "NRE."

The offering is being made through Citi, Deutsche Bank Securities, Goldman Sachs, and UBS Investment Bank.

Nobao Renewable Energy is a provider of fully-integrated energy management solutions in China utilizing ground source heat pump, or GSHP, technologies. The Company filed for an IPO at the end of April, 2010, then withdrew in June, 2010, based on market conditions at the time.


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