BYD Electronic completes difficult IPO

A few anchor investors step up to carry the deal through at the bottom of the range, but retail investors turn their backs.

BYD Electronic, a manufacturer of mobile handset casings and keypads, has completed a difficult initial public offering that was marred by accusations from a competitor that the company has obtained and misused confidential information that doesnÆt belong to it.

Coming at a time when institutional investors are generally winding down their businesses for the year, the deal also faced a shrinking pool of prospective buyers, but sole bookrunner UBS was able to convince enough investors to hear the management out...

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: ipo | telecom | mobile handsets | ubs

Print Edition

FinanceAsia Print Edition