Apple proxy prices Hong Kong IPO

Pricing comes towards the bottom end of the range after investors view the company's dependence on Apple as a potential weakness rather than strength.

Apple proxy prices Hong Kong IPO

Korean-owned camera module manufacturer, Cowell e Holdings, completed its Hong Kong initial public offering towards the lower end of its indicative range on Wednesday after a core group of investors were able to leverage their price sensitivity into a lower valuation.

The China-based Apple supplier raised HK$884 million $114 million from the 208 million share deal after pricing it at HK$4.25 per share. The offering had originally been marketed on a HK$4...

To continue reading, please login or register for free

Click for more on: ipo | cowell | morgan stanley | tmt | china | korea | bnp paribas | cimb

Print Edition

FinanceAsia Print Edition

CONFERENCES