|Day's Range||119.00 - 122.50|
|52 Week Range||73.45 - 122.50|
|PE Ratio (TTM)||14.23|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Best Logistics Technologies, a delivery company backed by Asian technology giants Alibaba (BABA) and Hon Hai Precision Industry (2317.TW), is planning an IPO in New York. The logistics company, which is based in Alibaba’s home city of Hangzhou, said in a filing that it will sell American depositary receipts on the Nasdaq. Best Logistics hasn’t provided much color on how much it plans to raise, but the Wall Street Journal suggests a maximum of USD750 million.
Foxconn reiterated its interest in Toshiba's (TOSYY) chip unit, which the Japanese conglomerate jointly runs with Western Digital (WDC).
House Speaker Tim Moore (R-Cleveland) says a major economic development project – unlike anything the state has seen in recent years – could be targeting North Carolina. At the same time, there are reports suggesting North Carolina is on the short list for a major Apple products supplier: Taiwanese electronics manufacturer Foxconn Technology Group. In floor comments Thursday, Moore said the unnamed project could employ 8,600 people at a single facility.