Victory Giant Is Said Set to Price Hong Kong Listing at Top of Range
Victory Giant Technology Huizhou Co. is likely to price its Hong Kong listing at the highest possible figure, according to people familiar with the matter, in a sign of strong demand for the city’s biggest share sale in seven months.
The Chinese maker of printed circuit board products — the intricate electronic backbone of artificial-intelligence servers — is slated to set shares at the maximum price of HK$209.88 each, the people said, asking not to be identified to discuss a private matter. Victory Giant may also exercise an option to increase the deal size to as much as $2.6 billion, the people said.