JinkoSolar Holding, a Chinese manufacturer of silicon wafers, solar cells and solar modules, announced terms for its IPO on Thursday. The solar company plans to raise $70 million by offering 5.8 million ADSs at a price range of $11-$13; at the mid-point of the proposed range, JinkoSolar Holding will command a market value of $261 million. JinkoSolar had previously attempted to go public in February and raise $74 million by selling 10.6 million ADSs at $6-$8 before shelving the deal. JinkoSolar, which was founded in 2006 and booked $224 million in sales last year, plans to list on the NYSE under the symbol JKS. Credit Suisse is the lead underwriter on the deal, for which timing was not disclosed.
