Daqo New Energy, which manufactures and sells polysilicon to photovoltaic product manufacturers for solar power solutions, refiled on Thursday with the SEC to raise up to $100 million in an initial public offering. The China-based company, which was founded in 2007 and booked $160 million in sales for the 12 months ended June 30, plans to list on the NYSE under the symbol DQ. Daqo had previously filed to offer 6.5 million ADSs at a proposed range of $12.50-$14.50 before postponing the deal last January. Morgan Stanley is the lead underwriter on the deal, for which updated pricing terms and timing were not disclosed.
