Chinese solar-energy materials supplier Qinghai Lihao Semiconductor Material Co. is reportedly planning to go public in Hong Kong, potentially in the second half of 2025.
The company, which specializes in manufacturing silicon materials for solar cells and is backed by IDG Capital, aims to raise around 1 billion yuan (approximately $138 million) through this initial public offering.
Discussions regarding the IPO are ongoing, and the details of the offering may change as deliberations continue. This move reflects the increasing interest in renewable energy sectors and the growing demand for solar materials in the market.