Akon's $1 Billion China-backed Renewable Energy Company Solektra International LLC Considers Going Public With IPO Offer

American rapper and business mogul Akon, reportedly will be putting up an offer for his China-funded renewable energy company Solektra International LLC with an initial public offer (IPO) for prospective investors as the company is considering going public.
According to Bloomberg, rapper and entrepreneur made this known in an interview granted over the phone, and he talked about the need to go public considering the expansion of the Akron Lighting Africa initiative.
 “That’s definitely a conversation we’ve had with the financial team on how to structure as we move forward. We’ve been moving at a really rapid pace," he said.


Akon and his of Solektra Int. LLC co-founders  Thione Niang, (left) and Samba Bathily (right) 

Three years ago, Akon started the Solektra Int. LLC with  others Thione Niang and Samba Bathily and the initial have gained backing from Chinese State-owned company  Sumec with credit line of $1 billion.
Also talking about music, the Los Angeles-based rapper mentioned how his renewable energy project has taking up his time and hope to get back on it as soon as the company goes public.
“This project consumed so much of my time, I didn’t even realize that seven years went by. I’ve been out of the loop, focusing on the Lighting Africa project,” he mentioned and talked about his return to studio after getting in investors saying “I can now put more energy into the music. It’s funny because the fans didn’t even realize, they’re like ‘What! It’s been seven years since you put out an album?”
Akon has released a new album his last "Stadium" and is hoping to get back in the studio soon.