- Polysilicon manufacturer Daqo New Energy Corp DQ is in the process of applying for an initial public offering (IPO) of the subsidiary, Xinjiang Daqo New Energy, on the Shanghai Stock Exchange's Sci-Tech innovation board.
- Shanghai Stock Exchange published Xinjiang Daqo's updated IPO prospectus and timetable on its website.
- Xinjiang Daqo plans to issue 300 million shares representing 15.58% of the shares outstanding after the IPO.
- Price action: DQ shares traded lower by 4.24% at $59.90 in the premarket session on the last check Tuesday.
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