Daqo New Energy Corp., a polysilicon manufacturer based in China, in an amended filing made on Thursday with the U.S. Securities and Exchange Commission, disclosed that it currently estimates pricing its initial public offering of 6.50 million American depository shares in the range of US$10 to US$11 per ADS. Each ADS representing six of company’s ordinary shares.
Archive for January, 2010
China’s Daqo New Energy Cuts Estimated IPO Price Range To US$10-US$11 Per ADS
Friday, January 29th, 2010China’s IFM Investments Prices IPO At US$7.00 Per ADS - Quick Facts
Friday, January 29th, 2010Corrects the headline to say “prices IPO” from “estimates pricing”.
Senate Democrats Pledge To Advance Obama’s State Of The Union Goals
Friday, January 29th, 2010Democratic Senate leaders Thursday hailed President Barack Obama’s State of the Union speech, with Senate Majority Leader Harry Reid, D-Nev., swiftly picking up on Obama’s call for job creation to be the immediate focus of the Senate’s work.
“The President made it clear last night that our number-one focus this year is putting Americans back to work. Senate Democrats couldn’t agree more,” Reid said.
Bernanke Confirmed To Second Term As Fed Chief
Friday, January 29th, 2010Ben Bernanke was confirmed to a second term as Chairman of the Federal Reserve by the Senate on Thursday, ending weeks of speculation that the Fed chief would not receive enough votes.
The final vote was 70-30, with Bernanke needing only a majority to be confirmed for a second term. The vote came immediately after the Senate voted 77-23 to end further debate on his confirmation. The Senate needed 60 votes to pass that vote and avoid a filibuster.
Senate Votes To Increase Federal Debt Limit
Friday, January 29th, 2010The Senate voted Thursday to increase the federal debt limit by $1.9 trillion.
The move, which was necessary to prevent the government from defaulting on its debts for the first time in history in coming weeks, brings the total federal debt limit to $14.3 trillion, a record high.
The vote allows the government to continue borrowing without needing to raise the debt limit again until after the November elections.