China’s Victory Giant Seeks Up to $2.2 Billion in Hong Kong Listing
A visitor looks at a circuit board at the booth of Victory Giant Technology Huizhou Co. during an electronics show in Shanghai.
Source: VCG/Getty ImagesVictory Giant Technology Huizhou Co. began taking investor orders for a listing in Hong Kong that may raise as much as HK$17.5 billion ($2.2 billion) in what is set to be among the city’s largest first-time share sales this year.
The maker of printed circuit board products — the intricate electronic backbone of artificial-intelligence servers — is offering 83.3 million shares at as much as HK$209.88 each, according to a listing document released on Monday. The firm has options to increase the deal size to almost $3 billion.