Sinovel, China’s top wind turbine producer, plans to raise up to $1.4 billion in one of the most expensive main board IPOs in Shanghai, hoping to ride high on the back of strong demand for Chinese renewable energy stocks.
Sinovel Wind Group Co, which unveiled the indicative price range for its IPO on Tuesday, looks poised to become China’s first major IPO of the year and follows a bumper 2010 for IPOs in Asia.
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