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Foxconn Internet Unit Files For China IPO To Raise 5G Funds

8 monthes ago   |   By Android Headlines

Foxconn Industrial Internet filed for an initial public offering on Monday with the goal of raising funds for its current and future 5G projects, as well as improving its overall production operations. The division of Taiwanese tech giant Foxconn intends to go public on the Shanghai Stock Exchange later this year, offering some ten-percent of its enlarged issued share capital in the form of Class-A shares which come with enhanced voting rights. The price of the stock has yet to be determined and Foxconn still hasn't disclosed what its valuation and funding targets are.
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