Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns

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Suzhou Dongshan Precision Manufacturing is seeking to raise capital through a Hong Kong IPO, but its offering is expected to fall short of the company’s US$1.8 billion target. Investors are weighing potential US trade restrictions on its optical modules business amid cautious demand for large listings.

Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...