Lingyi iTech, a key supplier for Apple, is set to expand its operations beyond the smartphone sector by launching an initial public offering (IPO) in Hong Kong, aiming to raise up to HK$8.3 billion (approximately US$1.1 billion). The Shenzhen-based electronic components manufacturer plans to use the funds to invest in artificial intelligence hardware and humanoid robotics. The IPO is scheduled to debut on the Hong Kong stock exchange this Friday, with the company offering 811.8 million shares at a maximum price of HK$10.18 each. The subscription period for investors has already commenced, marking a significant step in Lingyi iTech's strategic growth and diversification efforts.
Robot Manufacturer
Humanoid
Education & Research
Industrial Manufacturing
Original from SCMPTech: Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics push
Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics push
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