Apple supplier Lens Technology joins list of Chinese firms planning Hong Kong IPOs.

More new share offerings from Chinese firms are headed for the Hong Kong stock exchange, which analysts predict will return to being the world’s top initial public offering (IPO) venue this year.
Lens Technology, Apple’s iPhone glass supplier, said on Thursday that its board approved a plan to list in Hong Kong. It did not disclose details. The Shenzhen-listed firm would join a slew of mainland-listed companies eyeing listings in the city amid improved stock market sentiment and regulatory support.
Avatr Technology, the electric vehicle (EV) unit of Shenzhen-listed Changan Automobile, is reportedly considering a US$1 billion Hong Kong IPO. Changan said that while there are plans for Avatr to spin-off for a listing, no specific implementation plans are in place yet.
Financial Secretary Paul Chan Mo-po said at a tech forum on Wednesday that Hong Kong IPOs could raise between US$17 billion and US$20 billion this year, in line with forecasts from Deloitte and PwC. Last year, IPO proceeds in the city added up to US$11 billion, ranking fourth globally. The city was the world’s top IPO venue seven times between 2009 and 2019.
Source:  SCMP

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