VC-backed SMIT targets up to $37m in Hong Kong IPO
SMIT Holdings, a China-focused provider of payment systems and security devices for TV broadcasters, which has several VC investors, is looking to raise as much as HK$291 million ($37 million) through a Hong Kong IPO.
According to a filing, the company is offering 75 million new shares at HK$3.10-$3.88 apiece. About 40% of the captial has been earmarked for product planning, research and development while 30% will be...
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