China's Billion Dollar New Energy IPO

201121 Like and subscribe. This is an archive, check the link in the end if you are. China's biggest IPO of 2021 so far is not some super-sexy semiconductor play or mobile app, but rather a renewable energy company with a very familiar name.Show more

That company is called Three Gorges New Energy (三峡能源) and it is a subsidiary of China's Three Gorges Corporation, builder of the world's biggest dam.

In June 2021, the company sold 8.57 billion shares on the Shanghai Stock Exchange to raise 22.5 billion RMB or $3.5 billion USD.

Since I have written before about the Three Gorges Dam and China’s solar industry, this IPO caught my eye. In this video, we will talk about the company, an interesting glimpse into China’s plans for its renewables industry.

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