Technology

Foxconn gets Shanghai’s nod in record time to raise US$4.3 billion in initial public offer


Foxconn Industrial Internet, a unit of the world’s biggest contract manufacturer whose products include Apple’s iPhones, was put on the fast track for securing the nod by China’s securities regulator to raise capital through an initial public offering.
The unit of Taiwan’s Hon Hai Precision Industry has been approved by the China Securities Regulatory Commission to raise 27 billion yuan (US$4.3 billion) in an IPO, according to a notice by the regulator. Foxconn filed its…

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