Foxconn Industrial Internet targets US$4.3b China IPO

China’s biggest initial public offering (IPO) since 2015 will come to pass if Foxconn Industrial Internet hits its target of 27.1 billion yuan on May 24.

It is offering 1.97 billion shares at 13.77 yuan each on the Shanghai Stock Exchange, according to its statement filed with the stock exchange.

The subsidiary of mammoth manufacturer Foxconn designs and manufactures communication network equipment, cloud service equipment, precision tools, and industrial robots.