Foxconn unit tests unusual structure for A-share IPO

By Jonathan Breen
24 May 2018

Foxconn Industrial Internet held a one day bookbuild for its Rmb27.1bn ($4.24bn) A-share IPO on Thursday, eyeing the largest listing in the market in three years. The deal came with an innovative structure that includes several departures from standard flotations in China, writes Jonathan Breen.

The subsidiary of Taiwan-based Foxconn, the world’s largest electronics contract manufacturing company, is testing a new kind of transaction in China’s A-share market.

Typically, the bulk of an A-share IPO ends up in the hands of China’s retail buyers, often resulting in waves of volatility in the ...

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