L R AS Published on Sunday 6 June 2021 - n° 365 - Categories:miscellaneous financial
Daqo and not its subsidiary to go public
Daqo's IPO project is progressing as its application has been sent to the Chinese Commission
It appears that the listing of the silicon business will be postponed in favour of the parent company. It appears that the listing of the silicon business will be postponed in favour of the parent company
The listing could take place in July when the second quarter accounts are announced. The company is forecasting sales of RMB 2.46 to 2.51 billion ($385 to $393 million, compared with $256 million last year, i.e. +53% in one year), and a net profit of RMB 1.3 to 1.33 billion ($203 to $208 million). This net margin of 53% of sales comes from the doubling of the market price of silicon compared to February 2021
PV Tech of1 June 2021