IPO Watch: Tesla Motors and China Wind Power

Two unnamed sources told Reuters that California-based electric car company Tesla Motors is preparing to go public soon. 

One of thems said an Initial Public Offering (IPO) filing is expected any day. However, a company spokesperson declined to comment on what was called a "rumor or speculation."

Before the major economic downturn that began in 2008, company chairman Elon Musk said an IPO was under consideration for late 2008 or 2009.

The company announced in August that it entered the black for the first time, making about $1 million on $20 million in revenue. The company currently sell an all-electric sports vehicle called the Roadster, which sells for more than $100,000. 

The company is currently developing the all-electric Model S sedan and opening regional sales and service centers. 

Major investors in the company include Daimler AG (NYSE: DAI) and Aabar Investments PJSC, of Abu Dhabi.

In June, the company received a $465 million loan from the US government to build a manufacturing plant in California.

China Wind Power Generator

China Longyuan Power Group Corp Ltd, Asia’s largest wind power generator, plans to raise up to HK$17.1 billion (US$2.2 billion) from a Hong Kong initial public offering (IPO), sources told Reuters.

Read the full report at the link below.

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