-- 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.