Chinese wind IPO raises $2.2 billion

摘要

Energy sector Initial Public Offerings appear to be back on the agenda, at least in China. Wind power generator China Longyuan Power Group Corp Ltd successfully carried out in December an IPO that raised $2.2 billion, according to the company. China Longyuan, which bills itself as China's leading wind power generation company and the world's fifth-largest wind-power producer, designs, develops, manages and operates wind power plants and sells the electricity to local grid companies.