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Solar Giant Jinko Lists in Shanghai at Near 800% Premium to U.S.

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Jinko Solar Co. more than doubled on its first day of trading in Shanghai, giving it a massive premium to its parent’s listing in the U.S.

Jinko, the world’s second-biggest solar module manufacturer, rose to as much as 11.95 yuan a share ($1.89) on Wednesday, before ending 111% higher than its offer price and implying a market cap of about $16.7 billion. That compares to a $1.9 billion market cap for the U.S.-listed depository receipts of JinkoSolar Holding Co.