Dongshan Precision Shares Extend Slide on Hong Kong IPO Plans

3-line summary

• Shares of Suzhou Dongshan Precision Manufacturing (Shenzhen: 002384), the world's third-largest PCB supplier, fell about 6% to 197.15 yuan as of 06:07 GMT Monday — down more than 13% over the past week — after Bloomberg reported, citing people familiar with the matter, that the company is targeting a Hong Kong listing this month to raise $2 billion to $3 billion, according to Investing.com.
• Investor education meetings began Monday, with underwriters UBS, Guotai Haitong Securities, GF Securities and CITIC Securities, Bloomberg reported; the company has not officially confirmed the plans. Dongshan Precision's market capitalization stood at about 258 billion yuan ($39 billion).
• The company makes printed circuit boards and optical transceivers used in AI infrastructure; the global PCB market is valued at $85.2 billion.

This summary is our own processing of the source article; see the source link below for full context.