sunny-optical-seeks-132-million-from-ipo

Sunny Optical seeks $132 million from IPO

The Chinese optical components manufacturer banks on its broad range of products and high growth to attract investors to the offering.
Sunny Optical Technology kicked off the roadshow for the institutional portion of its initial public offering earlier this week with the aim of raising up to HK$1.03 billion $132 million.

The company is the biggest optical components producer in China with a 40% share of the market and will be the first of its kind to list in Hong Kong.

The manufacturer is offering 27% of its enlarged share capital, or 270 million shares, at a price between HK$3 and HK$3.82. Of the total, 200 million shares are new, while 70 million, or around 26%, are existing shares. A 15% greenshoe made up of existing shares could increase the deal size...
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