China dating site ipo error updating fedora 8
The Foxconn unit could be worth anywhere from billion to more than 0 billion.So it's entirely conceivable that Foxconn Industrial will have a bigger market cap than its Taiwan parent, whose shares have lagged behind the broader market.Foxconn is a perfect fit for Beijing's narrative as the National People's Congress gets underway this week.Technology entrepreneurs have a stronger presence on China's political scene than ever before.Last week, the government unveiled sweeping plans, from tax benefits to co-investment in state-owned enterprises, to draw Taiwan businesses closer to the mainland.For Gou, the mainland valuation prospects are mouthwatering: Retail investors will buy anything with a strong brand and a tech focus.But if history is any guide, that will be a hard sell.
Through a backdoor listing, the maker of online security software is now trading at 143 times forward earnings and has a billion market cap, making the company's billion take-private deal from New York well worth the trouble. as its key customers (the top five clients accounted for 73 percent of Foxconn Industrial's business last year), Gou's company looks like a tier one global player.
From filing its application to a review of IPO paperwork by the China Securities Regulatory Commission took Foxconn little more than a month, leapfrogging almost 400 companies on the waiting list.
Some of the less fortunate applicants have been in the pipeline since 2015.
When Goodix took off after a Shenzhen listing in October 2016, not only did Media Tek's shares fail to follow suit, they languished.
After all, Taiwan is not part of China, and the two stock markets are very different in terms of liquidity and investor preferences.