Market Chatter: Shenzhen Adtek Technology Considering Hong Kong IPO

MT Newswires Live

05/15

Chinese optical-connectivity products maker Shenzhen Adtek Technology is considering going public in Hong Kong, Bloomberg News reported Thursday, citing people familiar with the matter.

The firm is working with Citic Securities and Jefferies Financial Group to raise at least $500 million on a $3 billion to $4 billion valuation, the people told the news agency.

The people cautioned that the details were subject to change, Bloomberg reported.

A document filing was expected as soon as Friday, the report said.

A representative from Adtek did not respond to a comment request from Bloomberg. Citic Securities and Jefferies Financial refused to comment, the news agency said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"600030","symbol_name":"中信證券","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2635355779","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635355779","pubTimestamp":1778815283,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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