FS.com is seeking to raise up to US$213 million (HK$1.66 billion) in a Hong Kong initial public offering, according to a term sheet reviewed by Reuters on Friday.
FS.com says it provides ICT products and solutions globally, and lists operations in China, including Shenzhen, Wuhan and Shanghai, as well as an address in New Castle, Delaware.
The company is offering 40 million shares at HK$35.20 to HK$41.60 each.
Including an over-allotment option of up to 6 million shares, the offering could raise as much as US$245 million.
It has secured 11 cornerstone investors committing about $90.2 million in aggregate, including Hao Fund, Great Holding and WT Asset Management.
The Hong Kong public offer opened on Friday, with pricing expected by March 19 and listing set for March 23.
CICC, China Securities International and China Merchants Securities are joint sponsors and joint bookrunners, alongside BOCI, Futu and Tiger.
