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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

July 30, 2025
US solar tracker manufacturer Nextracker recorded revenues of US$864 million and a gross margin of 32.6% in the quarter ending June 27, 2025.
July 29, 2025
US renewables developer Savion, a subsidiary of global oil giant Shell, has formed a new company to take ownership of its solar projects after development.
July 28, 2025
Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.
July 28, 2025
KKR has invested AU$500 million in Australia’s CleanPeak Energy to support the rollout of DERs such as rooftop solar PV and battery storage.
Premium
July 25, 2025
At the SNEC expo, Carrie Xiao took the temperature of the industry as it seeks a way out of cutthroat competition and squeezed margins.
July 25, 2025
Nautilus Solar Energy has entered a US$275 million tax equity partnership with Greenprint Capital to expand its US community solar portfolio.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
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