News Snapshot:
Shares of JinkoSolar Holding Co. Ltd. gained 0.6% in premarket trading Thursday, after the China-based solar company said it could raise about $1.6 billion from the listing of its principal operating subsidiary on a Shanghai exchange. The company said it is applying for an initial public offering of Jinko Solar Co. Ltd., known as Jiangxi Jinko, on the Shanghai Stock Exchange's Sci-Tech innovation board. The company plans to offer 2 billion shares in the IPO, representing about 20% of the shares outstanding. The proposes pricing is RMB5.00 per share, for estimated gross proceeds of RMB10.00 billion ($1.57 billion). After the...
