ACWA Power International surged on its debut in Riyadh after raising more than $1.2 billion in the biggest Saudi Arabian listing since Aramco’s two years ago. The utility jumped by the 30% daily limit to 72.80 riyals on Monday as investors flocked to a business seen as key to Saudi Arabia’s efforts to diversify from […]
Volvo plans $2.9B IPO to fund electric vehicle plans – EQ Mag Pro
Stockholm : Swedish automaker Volvo said Monday it plans to raise at least 25 billion kroner (USD2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm. The money raised from the IPO will […]
JinkoSolar Provides Updates on Jinko Solar Co., Ltd.’s Proposed IPO in China – EQ Mag Pro
SHANGRAO, China : JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, provided updates on the status of the proposed initial public offering (“STAR Market IPO”) and listing of the shares of its principal operating subsidiary, Jinko Solar Co., Ltd. (“Jiangxi […]
Waaree Energies files draft papers with Sebi to mop-up funds via IPO – EQ Mag Pro
New Delhi : Solar energy player Waaree Energies has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The issue comprises a fresh issue of equity shares aggregating to Rs 1,350 crore and an offer for sale (OFS) of 40,07,500 equity shares by existing shareholders and promoters, […]
Siemens, AES-backed Fluence Energy files for U.S. IPO – EQ Mag Pro
The listing plan comes at a time when global investors and lawmakers alike are pushing for more sustainable and environment friendly ways of doing business amid heightened climate change concerns. New Delhi : Fluence Energy Inc, an energy storage technology company backed by industry giants Siemens AG and AES Corp, on Tuesday filed regulatory paperwork […]
JinkoSolar’s Subsidiary Jinko Solar Co., Ltd. Provides Preliminary Estimates of Revenue and Net Income for the First Nine Months of 2021 – EQ Mag Pro
SHANGRAO, China : JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, is in the process of applying for an initial public offering (“IPO”) of its principal operating subsidiary, Jinko Solar Co., Ltd. (“Jiangxi Jinko”), on the Shanghai Stock Exchange’s Sci-Tech […]
Saudi Arabia’s ACWA Power Unveils IPO Plan – EQ Mag Pro
Saudi Arabia-based International Company for Water and Power Projects, better known as ACWA Power, today announced its intention to carry out an initial public offering (IPO) to list its shares on the main market of the Saudi stock exchange Tadawul. The Saudi utility plans to issue a total of 85.34 million new ordinary shares, including […]
Gautam Solar Plans to Come Out With IPO in Three to Four Years – EQ Mag Pro
The company also has plans to invest about Rs 200 crore to Rs 300 crore in the next five years. New Delhi: Gautam Solar, a Delhi-based solar equipment manufacturer, plans to come out with an Initial Public Offering (IPO) in the next three to four years to meet its funding requirements, the company’s managing director […]
Solar Firms Line Up IPOs Amid Make in India Push
MUMBAI : Vikram Solar Ltd and Waaree Energies Ltd have hired investment banks for their respective initial public offerings (IPOs), three people aware of the matter said, as the solar panel makers aim to expand business riding the drive for local manufacturing. The two companies are looking to raise around ₹1,500 crore each, the people […]
Daqo New Energy’s Subsidiary Xinjiang Daqo Completes Its IPO Process And Starts Trading on the Shanghai Stock Exchange
SHANGHAI : Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that the Company’s major operational subsidiary, Xinjiang Daqo New Energy (“Xinjiang Daqo”), has completed its IPO process and started trading on the Shanghai Stock Exchange’s Sci-Tech […]