Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns
3 Articles
3 Articles
Suzhou Dongshan raises less than expected in US$1.8b Hong Kong IPO
Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday…
Suzhou Dongshan Precision Manufacturing offers 113.8 million shares in Hong Kong and could raise up to $1.840 million with over-allocation, below expectations of up to $3 billion that, according to South China Morning Post, circulated a week earlier. Caution over possible US trade restrictions on its optical module business and prudence over large quotes are part of the context of the operation, although it is not confirmed that they have determ…
Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns
Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking…
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