Filing: Chinese PCB maker Dongshan raised ~$1.3B in Hong Kong's biggest IPO in nearly two months, pricing shares at ~$11, or 35% below its Friday Shenzhen close (Bloomberg)
Bloomberg reports that the company, which manufactures circuit boards for electronics, is expected to list on the Hong Kong Stock Exchange. The pricing was significantly lower than the company's Shenzhen closing price of $18, indicating that the market was willing to accept lower valuations. This IPO is expected to be a significant milestone for Dongshan and could signal a positive trend for the company's future growth.
Key points
Bloomberg reports that the company, which manufactures circuit boards for electronics, is…: Bloomberg reports that the company, which manufactures circuit boards for electronics, is expected to list on the Hong Kong Stock Exchange.
The pricing was significantly lower than the company's Shenzhen closing price of $18, ind…: The pricing was significantly lower than the company's Shenzhen closing price of $18, indicating that the market was willing to accept lower valuations.
This IPO is expected to be a significant milestone for Dongshan and could signal a positi…: This IPO is expected to be a significant milestone for Dongshan and could signal a positive trend for the company's future growth.
Sources checked by our analysis pipeline: 1
Elizabeth Chamberlain / iFixit News: |
Elon Musk / @elonmusk: |
Mark Gurman / Bloomberg: |
Bloomberg: |
Derrick Bryson Taylor / New York Times: |
Financial Times: |
Johnny Rodgers / Building Slack: |
M.G. Siegler / Spyglass: |
Alexandra Alter / New York Times: |
Bloomberg: |
Ananta Agarwal / Nikkei Asia: |
Ann Davis Vaughan / The Information: |
Tom Matsuda / Financial Times: |
Maria Curi / Axios: |
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