Nam Tai Electronic & Electrical starts roadshows for IPO

Shenzhen-based contract manufacturer to price at discount to comps.

Contract manufacturer Nam Tai Electronic Electrical Products NTEE, a unit of New York-listed Nam Tai Electronics, is planning to raise between $91 million and $108 million from its Hong Kong IPO, which began roadshows yesterday Tuesday.

The offer comprises the sale of 200 million old shares and will have the standard 90%10% split between institutional and retail investors. The indicative range has been set at HK$3.55-4.20 per share, representing a PE range...

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