JinkoSolar Holding, a vertically-integrated manufacturer of silicon wafers, solar cells and solar modules, announced terms for its IPO on Tuesday. The company plans to raise $74 million by offering 10.6 million ADSs at a price range of $6-$8. At the mid-point of the proposed range, JinkoSolar will command a market value of $307 million. The China-based solar company, which commenced operations in June of 2006 and booked $224 million in sales over the last 12 months, plans to list on the NYSE under the symbol JKS. JinkoSolar intends to use net proceeds to expand solar cell and solar module production capacity and to invest in R&D. Goldman Sachs (Asia) and Credit Suisse are the lead underwriters on the deal, which is the fourth to file terms so far this week (in addition to Quinstreet (QNST), The Film Department (TFDI) and Graham Packaging (GRM). Timing was not disclosed.
