A worker installs a Goldwind turbine at the Dabancheng Wind Farm in China Photo: AP/Press Association Images

Turbine giant Goldwind to launch $1.3 billion initial public offering

Xinjiang Goldwind Science & Technology plans to launch a $1.3bn initial public offering (IPO) of shares on June 22, according to a report from Bloomberg news agency.

24 May 2010 15:30 GMT Updated 26 September 2016 14:47 GMT

By Ben Backwell

The Chinese wind turbine manufacturing giant, which is already listed on the Shenzhen Stock Exchange, plans to sell 395.3m new shares according to a note sent to fund managers seen by Bloomberg.

Goldwind is currently gauging demand from institutional investors and plans to start taking orders on May 31.

The sale will be priced on June 11 in the US and the shares are scheduled to start trading in Hong Kong on June 22.

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