{"id":355942,"date":"2010-02-23T15:30:00","date_gmt":"2010-02-23T20:30:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:399651"},"modified":"2010-02-23T15:30:00","modified_gmt":"2010-02-23T20:30:00","slug":"ise-debut-first-cleantech-ipo-since-july-2009","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/355942","title":{"rendered":"ISE debut first cleantech IPO since July 2009"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=ISE&amp;id=33872954\" >ISE Ltd.&#39;s<\/a> debut on the Toronto Stock Exchange Monday marks the first cleantech initial public offering on Canada&#39;s main exchange since July 2009.<\/p>\n<p>With shares down 4% from its opening price of $6, it&#39;s been a slow start for the manufacturer and distributor of heavy duty hybrid-electric drive systems. But following on the heels of two recent high profile postponements in the cleantech IPO market south of the border, it could be a lot worse. &nbsp;  <\/p>\n<p>&quot;ISE is an excellent example of a U.S.-based company that has successfully accessed the capital it needs on Toronto Stock Exchange,&quot; said Kevan Cowan, president TSX Markets and Group Head of Equities. &quot;We are very proud to have the company on our market.&quot; <\/p>\n<p>Earlier this year, China-based JinkoSolar postponed efforts to go public in the U.S., while Daqo New Energy, a Chinese polysilicon provider, actually halted its IPO plans after a cut to its original price range one day before its initial public offering on the New York Stock Exchange, failed to generate the necessary interest. <\/p>\n<p>Both companies blamed their IPO troubles on the still weak financial sector south of the border.<\/p>\n<p>Despite these failures, Dallas Kachan, managing director and executive editor of the Cleantech Group, a defacto industry association for clean technology companies, said the IPO market in North America continues to gain strength after collapsing through the Great Recession.<\/p>\n<p>He noted in <a href=\"http:\/\/cleantech.com\/news\/5623\/jinko-ipo-failure-cleantech-outlook\" >an article<\/a> that 53 domestic and international companies<br \/>\nfiled paperwork to hold initial public offerings in the U.S. in Q4<br \/>\n2009, according to the latest data from Ernst &amp; Young. <\/p>\n<p>&quot;That&#39;s the highest number of new registrants in a single quarter since<br \/>\n2007. There are more deals waiting to go public in the U.S. than in<br \/>\nmore than two years,&quot; he wrote  <\/p>\n<p>ISE raised $20.7-million through its initial public offering and the company is expected use the proceeds us to expand sales globally and invest further in research and development.<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\" >David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=399651\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISE Ltd.&#39;s debut on the Toronto Stock Exchange Monday marks the first cleantech initial public offering on Canada&#39;s main exchange since July 2009. With shares down 4% from its opening price of $6, it&#39;s been a slow start for the manufacturer and distributor of heavy duty hybrid-electric drive systems. But following on the heels of [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-355942","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/355942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=355942"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/355942\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=355942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=355942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=355942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}