JinkoSolar unit concludes IPO registration in China

JinkoSolar Holding Co Ltd (NYSE:JKS) announced today that its principal operating subsidiary has finalised its initial public offering (IPO) registration process with the China Securities Regulatory Commission (CSRC).

As previously unveiled, Jinko Solar Co Ltd seeks to list on the Science and Technology Innovation Board of the Shanghai Stock Exchange, also known as the STAR Market. The unit will soon enter the issuance process for its IPO, according to the latest announcement.

"We are very pleased that Jiangxi Jinko will soon enter the issuance process for its IPO and gain access to the fast-growing capital market in China, which we believe will further strengthen our leadership in the PV industry,” said Xiande Li, JinkoSolar's chairman of the board of directors and CEO.

JinkoSolar is a solar module maker with a vertically-integrated solar product value chain. As of September 30, 2021, it has an integrated annual capacity of 31 GW for mono wafers, 19 GW for solar cells and 36 GW for panels. The company operates nine production facilities around the world.

Earlier this month, rival Canadian Solar Inc (NASDAQ:CSIQ) said that its majority-owned unit CSI Solar Co Ltd had obtained clearance for a proposed IPO on the same market.

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