China Ming Yang Wind Power Group Limited, the largest non-state owned wind turbine manufacturer in China, announced terms for its IPO on Tuesday. The Guangdong-based company plans to raise $375 million by offering 25 million ADSs at a price range of $14-$16. At the mid-point of the proposed range, China Ming Yang will command a market value of $1.9 billion. The wind turbine manufacturer, which was founded in 2009 and booked $173 million in sales last year, plans to list on the NYSE under the symbol MY. Morgan Stanley, Credit Suisse and BofA Merrill Lynch are the lead underwriters on the deal, which is expected to price during the week of September 27.
