On its first day of trading, Xinjiang Daqo's share price closed 184.4% up on its IPO share price. Image: Pixabay. Polysilicon manufacturer Daqo New Energy has completed its initial public offering (IPO) of its main operational subsidiary Xinjiang Daqo New Energy on the Shanghai Stock Exchange's Sci-Tech innovation board (STAR Market) and has started trading (SSE:688303). Xinjiang Daqo issued 300,000,000 shares representing 15.58% of the total outstanding shares after the IPO. They were issued at RMB21.49 (US$3.32) per share, with the entire proceeds of the IPO reaching RMB6.45 billion (US$1 billion). The application was made on 13 July.