Sky Solar Holdings postpones IPO

Sky Solar Holdings, a Chinese developer, owner and operator of globally distributed solar energy assets, postponed its IPO on Thursday, citing poor market conditions.

The Hong Kong-based company was founded in 2009 and booked $27 million in sales for the 12 months ended June 30, 2014. Sky Solar Holdings initially filed confidentially on 4/15/2014. FBR Capital Markets and Cowen & Company were set to be the joint bookrunners on the deal.