Yingli Green Energy sets IPO at 29 mln ADSs

WASHINGTON May 22 (Reuters) - Yingli Green Energy Holding Co. Ltd. on Tuesday set its planned initial public offering at 29 million American depositary shares (ADS) for between $11 and $13 per share.

The Chinese manufacturer of solar energy products said it plans to sell 26.55 million shares while a controlling shareholder, Yingli Power Holding Company Ltd, will sell another 2.45 million shares.

Each ADS will represent one common share in the IPO.

In an amended offering document filed with the U.S. Securities and Exchange Commission, the company said underwriters will have the option to buy another 4.35 million shares to meet demand.

Goldman Sachs (Asia) LLC, UBS Investment Bank, Piper Jaffray, and CIBC World Markets are the underwriters.

The company plans to list its ADSs on the New York Stock Exchange under the symbol "YGE" (YGE.N).