Foxconn, Apple’s Primary Manufacturer, To Raise $4 billion in IPO
https://wccftech.com/foxconn-apples-primary-manufacturer-to-raise-4-billion-in-ipo/
Foxconn Industrial Internet Co, a division of Hon Hai, will be issuing shares at 13.77 yuan apiece, valuing the company at over $43 billion dollars. That number puts Foxconn at a total valuation greater than internet e-commerce giant E-bay.
Foxconn’s IPO ranks as the fourth largest in China over the past decade, outdone only by China State Construction Engineering, which raised $7.3 billion in 2009; China Railway Construction, which sold shares worth $5.7 billion in 2008; and Guotai Junan Securities, which raised $4.8 billion in 2015.