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Nobao Renewable Energy Holdings IPO sets pricing terms and trade date.

|Includes: Nobao Renewable Energy Holdings (NRE-OLD)

Nobao Renewable Energy Holdings, a Shanghai-based provider of energy management solutions in China utilizing ground source heat pump technologies, set pricing terms for its IPO on May 16. The company will offer 11.2 million American Depositary Shares at $11 to $13 each to raise $134.4 million. The deal is expected to priced on the evening of Thursday, May 26 to trade on Friday, May 27 on the New York Stock Exchange under the proposed symbol “NRE.” Joint-lead managers are: Citi; Deutsche Bank Securities; Goldman Sachs; and UBS Investment Bank.

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