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Breaking News | Foxconn Industrial seeks to raise US$4.2bn in IPO

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Breaking News | Foxconn Industrial seeks to raise US$4.2bn in IPO
Breaking News | Foxconn Industrial seeks to raise US$4.2bn in IPO

A unit of electronics manufacturing giant Hon Hai Precision Industry Co (鴻海精密) is today to launch an initial public offering (IPO) in China aimed at raising US$4.2 billion, in the biggest Chinese debut in nearly three years. Foxconn Industrial Internet Co (FII, 富士康工業互聯網), which makes electronic devices, cloud service equipment and industrial robots, is to float 10 percent of its total shares, according to a prospectus filed late on Tuesday with the Shanghai Stock Exchange. Parent Hon Hai is the ...

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