A sign for STAR Market, China's new Nasdaq-style tech board, in Shanghai on July 22, 2019. Photo: Reuters A sign for STAR Market, China's new Nasdaq-style tech board, in Shanghai on July 22, 2019. Photo: Reuters
A sign for STAR Market, China's new Nasdaq-style tech board, in Shanghai on July 22, 2019. Photo: Reuters

CosMX, battery supplier to Dell and HP, seeks US$490 million IPO in Shanghai as Star Market looks beyond Ant Group’s halt

  • CosMX plans to raise 3.25 billion yuan (US$490 million) through selling 158 million shares in Shanghai at 20.56 yuan per share
  • The valuation prices the company at 46 times its estimated 2020 earnings, according to its prospectus

Topic |   IPO
A sign for STAR Market, China's new Nasdaq-style tech board, in Shanghai on July 22, 2019. Photo: Reuters A sign for STAR Market, China's new Nasdaq-style tech board, in Shanghai on July 22, 2019. Photo: Reuters
A sign for STAR Market, China's new Nasdaq-style tech board, in Shanghai on July 22, 2019. Photo: Reuters
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