U.S. Markets open in 2 hrs 34 mins

Foxconn's China Listing Isn't for the Average Joe

Tim Culpan
Foxconn's China Listing Isn't for the Average Joe

By now, you’ve probably heard about the blockbuster IPO of Terry Gou’s Foxconn Industrial Internet Co. The not-so-high-tech arm of Foxconn Technology Group is raising 27.1 billion yuan ($4.3 billion) by selling the bare minimum 10 percent of its stock for trade on the Shanghai Stock Exchange. Only one other company on the Shanghai exchange has a smaller free float – Yantai Eddie Precision Machinery Co., which listed last year and has annual revenue of just $94 million, according to data compiled by Bloomberg.