Daqo New Energy set for IPO after clearing CSRC registration

Facebook
Twitter
LinkedIn
Reddit
Email
One of Daqo New Energy’s existing polysilicon production facilities. Image: Daqo New Energy.

Polysilicon manufacturer Daqo New Energy is set to proceed with its initial public offering (IPO) after completing its registration with the China Securities Regulatory Commission (CSRC).

Earlier this month Daqo said that its application had been filed with the CSRC, also revealing as part of that process that it expected to record a 50% leap in sequential revenue this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Having now completed the registration of its IPO with the CSRC, Daqo said the issuance process would begin soon, kickstarting the issuance which the company said would complete within four weeks.

The timeline means Daqo looks to be on track to list on the Shanghai Stock Exchange’s Sci-Tech innovation board, otherwise known as the STAR market, on schedule next month.

Longgen Zhang, chief executive at Daqo New Energy, said the IPO would strengthen the company’s position in the polysilicon supply market while allowing it to invest further in R&D and quality improvements.

Daqo’s current annual polysilicon production stands at 70,000 metric tons, however capacity for a further 35,000 metric tons is due to come onstream in Q1 2022.

Prospective prices for Daqo’s IPO and expected proceeds have yet to be disclosed.

The listing comes amidst a flurry of investment activity in polysilicon production as the industry looks to both rapidly expand production capacity and lock-in supply chains. Late last week Xinte Energy revealed both JinkoSolar and JA Solar were to invest in a new 100,000 ton production facility in Inner Mongolia, giving the two module manufacturers priority over the polysilicon it produced.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 9, 2025
Nautilus and Summit Ridge Energy secured major financing deals to expand community solar projects across multiple US states.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.
September 9, 2025
The US Solar Energy Industries Association (SEIA) has released a policy blueprint which it claims would “strengthen the reliability of America’s electric grid with solar and storage technologies.”

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines