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SolarMax Banks on Sunny Name to Draw Investors to Its IPO

IPO China New York United States Diversity Didi SPAC

Key Takeaways:

Solar power systems developer SolarMax is aiming to raise $30 million in a New York listing, but investors could balk at the company’s lack of diversity
The IPO marks the latest signal that Chinese listings could soon gain momentum in New York after a yearlong near-halt due to regulatory concerns in the U.S. and China

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