CosMX, battery supplier to Dell and HP, seeks US$490 million IPO in Shanghai as Star Market looks beyond Ant Group’s halt

//CosMX, battery supplier to Dell and HP, seeks US$490 million IPO in Shanghai as Star Market looks beyond Ant Group’s halt

CosMX, battery supplier to Dell and HP, seeks US$490 million IPO in Shanghai as Star Market looks beyond Ant Group’s halt

Zhuhai CosMX Battery, a supplier of lithium ion batteries to Dell, Hewlett Packard and other global electronics companies, is seeking an initial public offering (IPO) on Shanghai’s Star Market, becoming the second manufacturer in the field to tap the bourse for capital.CosMX plans to raise 3.25 billion yuan (US$490 million) through selling 158 million shares on the Nasdaq-like market in Shanghai at 20.56 yuan per share, or 46 times its estimated 2020 earnings, according to its prospectus.The…

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By | 2020-11-12T07:12:18+00:00 November 12th, 2020|Technology|Comments Off on CosMX, battery supplier to Dell and HP, seeks US$490 million IPO in Shanghai as Star Market looks beyond Ant Group’s halt