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http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/china%e2%80%99s-wind-turbine-giant-sinovel-sees-shares-slide-in-initial-trading.html

Chinese wind turbine manufacturing giant Sinovel has seen its shares drop significantly in the first day of trading.

The initial public offering (IPO) has been touted as the biggest to take place in China this year but initial trades saw investors cautious as to the pricing of the shares, with a daily decline of just less than ten per cent.
The stock, listed on the Shanghai Stock Exchange, peaked at a high of RMB88.80 in morning trading to a close of just RMB81.10.
This is in contrast to the country’s benchmark Shanghai Composite Index, which reportedly rose 0.2 per cent over the same trading period.
Sinovel did raise $1.4bn in its offering, which is being seen as a barometer of the Asian cleantech IPO market.
In 2009, its revenue stood at RMB13.7bn with net profits hitting RMB1.89bn. At the end of that year, it had 3.51GW of installed wind capacity.