Daqo New Energy, a China-based manufacturer of polysilicon for solar power applications, postponed its IPO on Thursday shortly after cutting its deal size by 22%. After lowering its price range from $12.50-$14.50 to $10-$11, the company had expected to raise $68.3 million by selling 6.5 million ADSs. Piper Jaffray was set to be the lead underwriter on the deal.
