Asia
Beijing Victory Electric Launches Shenzhen IPO
Beijing Victory Electric (SHE:001393) launched its initial public offering on the Shenzhen bourse, seeking to offer up to 62.3 million shares, according to a prospectus filed Thursday.The electrical components manufacturer's IPO shares will constitute 25% of the company's entire shareholding following the offer.Upon completion of the IPO, Beijing Victory's share capital will rise to 249.3 million shares.Zhongtai Securities (SHA:600918) is the sponsor and lead underwriter of the offering.
SHA:600918SHE:001393
