Firm Represents Underwriters in US$87.4 Million Initial Public Offering of American Depositary Shares of Daqo New Energy Corp.
10.22.10
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The Hong Kong and Beijing offices of the Firm represented the underwriters, led by Morgan Stanley, in the US$87.4 Million initial public offering and listing on the New York Stock Exchange of 9,200,000 American Depositary Shares of Daqo New Energy Corp, including the exercise of the over-allotment option. The ADSs of Daqo New Energy Corp. are traded on the New York Stock Exchange under the ticker symbol "DQ".
Daqo New Energy Corp. is a leading polysilicon manufacturer based in China, manufacturing and selling high-quality polysilicon to photovoltaic product manufacturers.
The Simpson Thacher team for the transaction included Leiming Chen, Kevin Zhang, Ines Wu, Wei Fang, Vivien Mao and former associate Jim Gao (Corporate), Jennie Getsin and Andrew Pagliughi (FINRA) and Jennifer Klein (Tax).