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Chinese PV Industry Brief: JinkoSolar announces Jiangxi Jinko’s IPO pricing

January 15, 2022
Source: pv-magazine.com pv-magazine.com
News Snapshot:
Solar giant JinkoSolar yesterday announced it will offer up the 2 billion shares which will constitute the initial public offering of its Jinko Solar Co Ltd main business unit on the Shanghai Stock Exchange for RMB5 (US$0.785) per share to raise a gross RMB10 billion (US$1.57 billion). Some 600,000 shares will be directly placed with “cornerstone investors,” including eight public bodies, two entities which appear to be municipal-owned organizations, and the China Insurance Investment Fund, as well as the Jiangxi Jinko Asset Management Plans funded by the floated business’ management team and “core employees.” With 20% of the company’s stock...
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Tags: Business | China | China Insurance | Chinese | construction | content | copyright | fund | Giant | initial public offering | innovation | insurance | investment | ipo | IT | Jiangxi | management | manufacturer | pricing | procurement | revenue | sales | Shanghai | stock exchange | technology

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