Daqo New Energy's Subsidiary Xinjiang Daqo completes its IPO process and starts trading on the Shanghai Stock Exchange
Xinjiang Daqo has issued 300,000,000 shares representing approximately 15.58% of the total 1,925,000,000 shares outstanding after the IPO.
- Xinjiang Daqo has issued 300,000,000 shares representing approximately 15.58% of the total 1,925,000,000 shares outstanding after the IPO.
- After the IPO, Daqo New Energy owns approximately 80.7% of Xinjiang Daqo.
- On the first trading day of 22 July, 2021, Xinjiang Daqo's shares closed at RMB 61.11 per share, up 184.4% as compared to the IPO price.
- Guangfu Xu, Chairman of Daqo New Energy and Xinjiang Daqo, commented, "The successful IPO of Xinjiang Daqo marks a very important milestone for the Company.