JinkoSolar Files for $100 mln IPO
China-based solar company JinkoSolar Holding Co Ltd on Wednesday filed for an initial public offering of up to $100 million.
The company, which makes silicon wafers, solar cells and solar modules, said it would use proceeds from the IPO to expand its manufacturing, for research and development, and for working capital, but did not give details in its filing with the U.S. Securities and Exchange Commission.
Solar companies struggled in 2009 against a global oversupply that forced them to cut prices and has pressured both revenue and margins.
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