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Daqo New Energy Corp. (NYSE: DQ) (the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, has closed a registered follow-on offering of 2,000,000 American Depositary Shares (“ADSs”) and has granted to the underwriter a 30-day option to purchase up to 300,000 additional ADSs. Each ADS represents 25 ordinary shares, par value $0.0001 per share, of the Company. The ADSs were sold at the price of $55 per ADS, resulting in the gross proceeds for Daqo New Energy Corp. of $110 Million.
Daqo New Energy Corp. intends to use the proceeds from the Offering for general corporate purposes, including capital expenditure for further capacity expansion and upgrade of its business, and working capital.
ROTH Capital Partners
acted as co-manager for the offering.
About Daqo New Energy Corp.
Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar PV industry. As one of the world's lowest cost producers of high-purity polysilicon and solar wafers, the Company primarily sells its products to solar cell and solar module manufacturers. The Company has built a manufacturing facility that is technically advanced and highly efficient with a nameplate capacity of 18,000 metric tons in Xinjiang, China. The Company also operates a solar wafer manufacturing facility in Chongqing, China. For more information, please visit
(Source: Company Press
Release | 4/12/18)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven
investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides
capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in
Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH,
Date of Announcement:
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("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
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