Apple supplier Cowell sets IPO price range

Korean camera module manufacturer Cowell e Holdings hopes to tempt investors to take a bite out of the apple with a comparably favourable valuation.

Korean camera module manufacturer Cowell e Holdings began building a book on Tuesday for its share listing in Hong Kong, which could yet net the key Apple supplier almost $180 million.

A source familiar with the matter said the deal was drawing strong support and already covered by anchor investors.

The initial public offering is being promoted as a cheap proxy for Apple and, unusually, for a partial private equity divestment does not appear to be coming at a particularly expensive valuation.

According to a term sheet seen by FinanceAsia, the base deal comprises 208 million shares with a split...

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