Jinko, which cited poor market conditions as the reason for its decision, had recently downgraded its IPO target from $100m to around $85m. It intended to use the money to expand its manufacturing and research.
In January Daqo New Energy, which supplies polysilicon to China’s growing solar industry, shelved its plans for a $108m IPO.
In December Chinese module maker Trony Solar blamed the markets for its decision to postpone its $195m IPO – downgraded from $240m.
Jinko
