Xinjiang-based solar panel material maker Daqo aims to raise US$773 million in Shanghai IPO, defying US import ban

• Xinjiang Daqo New Energy plans to raise 5 billion yuan (US$772.5 million) from an IPO on Shanghai’s Star Market
• US bans imports of certain solar panel materials from Xinjiang over human rights abuses, while Commerce Department separately blacklists five firms including Xinjiang Daqo New Energy