Solar Giant Jinko Opens Shanghai Trading at 800% Premium to U.S.

(Bloomberg) — Jinko Solar Co. Ltd. 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 11.05 yuan a share ($1.75) in early trading, implying a market cap of about $17.5 billion. That compares with a $1.9 billion market cap for the U.S.-listed depository receipts of JinkoSolar Holding Co. Ltd.