China Ming Yang Wind Power Prices U.S. IPO

Wind turbine manufacturer China Ming Yang Wind Power Group said that it will sell 25,000,000 American Depositary Shares on the New York Stock Exchange (NYSE) for $14 a share, raising $350 million.

The company priced its IPO at the bottom of the estimated range of $14-$16 a share.

Morgan Stanley, Credit Suisse and BofA Merrill Lynch are underwriting the offering, the first U.S. IPO by a Chinese wind turbine company.

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