Why Are JinkoSolar Shares Trading Higher Premarket?

JinkoSolar Holding Co Ltd's JKS principal operating subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), has completed its initial public offering process and started trading on the Shanghai Stock Exchange's Sci-Tech innovation board on January 26, 2022.
Jiangxi Jinko has issued 2 billion shares representing 20% of the total 10 billion shares outstanding after the IPO.
Jiangxi Jinko issued the shares at RMB5.00 per share fetching gross proceeds of RMB10.00 billion.
After the IPO, JinkoSolar owns 58.62% of Jiangxi Jinko.
JinkoSolar is one of the largest solar module manufacturers globally.
Price Action: JKS shares traded higher by 12.6% at $46.21 in the premarket session on the last check Wednesday.

Momentum26.24

Growth21.42

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Value87.29

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