Terry Gou hopes it's second time lucky for FIT Hon Teng

Company chooses a much better market window for an IPO it hopes investors will view as much more than just an Apple play.

Terry Gou's Hon Hai has always been investors' ultimate Apple proxy, but the latest spin-off from the world's largest contract manufacturer is as much about data centres and electric cars as it is about the forthcoming iPhone 8.

Pre-marketing began on Monday for an initial public offering of Hon Hai's connector business plugs, jacks and connector leads, which should raise in the range of $300 million to $500 million based on initial estimates. 

This is a far cry from the $1 billion Hon Hai hoped to raise when it first filed its application for FIT Hon Teng, formerly known as Foxconn Interconnect Technology,...

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