Market Chatter: Chinese Robot Maker Inovance Picks Banks for Potential Hong Kong Listing

MT Newswires Live03-31

Shenzhen Inovance Technology (SHE:300124) has hired Bank of America, China International Capital Corp., Guotai Junan International and Morgan Stanley for a potential Hong Kong listing, Bloomberg reported Monday.

The Chinese industrial automation and robotics company could raise as much as $2 billion from the potential secondary listing in Hong Kong.

The reported added that details such as deal size and timing remain under discussion.

(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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