NEW YORK - Ming Yang Wind Power Group Ltd, a Guangdong-based manufacturer of wind turbines, the price of its initial public offering (IPO) of 25,000,000 American Depositary Shares (ADS) at $ 14 per ADS on 1 October, the first Chinese company, their prices in the wind energy share in the United States list.

The company began trading on the New York Stock Exchange (NYSE) on the same day under the symbol "MI". It is around $ 14.15, but fell to $ 13.25, or 5.4 percent below the IPO price.

A source in the New York Stock Exchange, came the offer after a series of Chinese companies for their IPO price, including China SouFun Holdings Ltd. (an Internet portal based in Beijing, real estate) and Country Kitchen in style restaurant chain Co ( a chain of fast-food Chinese restaurants) and prices in the month of September. And Yang Ming is not the only state in the sector of wind energy in the New York Stock Exchange.

The Company has $ 350,000,000 IPO to develop products of wind and focuses on R & D. Morgan Stanley, Credit Suisse and Merrill Lynch, Bank of America co-director of the offer, according to the company press release.

Yang Ming, a leading manufacturer of wind turbines and rapid growth, focuses on the design, manufacture, sale and maintenance of installations of the class, the two-megawatt to Chuanwei Zhang, CEO of the company .