JinkoSolar Holding, a solar panel manufacturer, is in the process of applying for an initial public offering (IPO) of the company’s principal operating subsidiary, Jinko Solar Co (Jiangxi Jinko), on Shanghai Stock Exchange’s Sci-Tech innovation board. Jiangxi Jinko’s IPO pricing has been announced by the Shanghai Stock Exchange. Jiangxi Jinko plans to issue 2 billion shares representing approximately 20% of the total 10 billion shares outstanding after the IPO. The proposed pricing of the IPO is RMB 5 (~$0.79) per share. The estimated total gross proceeds of the IPO is RMB 10 billion (~$1.57 billion). After the IPO, JinkoSolar will own approximately 58.62% of Jiangxi Jinko. The issuance and subscription date of the IPO is expected to be January 17, 2022. The final IPO share placement and share allocations are expected to be confirmed on January 20, 2022.