Foxconn IPO locks in heavyweight Chinese tech firms

Amid the retail feeding frenzy, Hon Hai Precision Industry’s smart factory unit lures in key Chinese investors in the largest Shanghai IPO since 2015. Will this guarantee success?

Foxconn IPO locks in heavyweight Chinese tech firms

Foxconn Industrial Internet’s chances of success as it prepares its blockbuster initial public offering in Shanghai have narrowed considerably now that Baidu, Alibaba and Tencent have been revealed as strategic investors.

But then, with retail investor demand already at fever pitch and the shares priced reasonably, the omens are already looking pretty positive for China's biggest domestic IPO in three years.

In a stock market filing, Hon Hai Precision...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: foxconn | ipo | china | alibaba | baidu | tencent | new listing | cornerstones | lockup

Print Edition

FinanceAsia Print Edition