SAR-based television-maker Skyworth Digital Holdings aims to raise between $920 million and $1.15 billion from a proposed main-board flotation.
During the presentation of its listing plan to institutional investors yesterday, the company said it planned to issue 500 million new shares, or 25 per cent of its enlarged share capital, at between $1.84 and $2.30 each.
It said the price would be finalised at the end of next week.
Ninety per cent of the issue will be offered through an international placement while the remainder will be allocated for public subscription.
Analysts pointed out the price represented about 12 to 15 times the price-earnings ratio, based on a profit estimate of about $300 million for the year to March 31.
Skyworth produces television sets and digital audio-visual products in the mainland.
