HONG KONG -- Huadian New Energy, a state-owned renewable energy producer, made waves with its initial public offering in Shanghai on Wednesday, both due to it becoming one of the biggest IPOs in the market this year, and because it reached a price 219% higher than its offering price on its first day.
Energy
China renewable energy company grabs attention with $2.5bn IPO
Huadian New Energy prospectus reveals harsh reality of green energy business
Huadian New Energy’s profits have taken a hit as its wind and solar power production capacity has exceeded demand. © Reuters
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