Zetwerk plans to confidentially file for IPO in 2 weeks: Sources
India's Zetwerk plans to confidentially file draft papers for an initial public offering within the next one to two weeks, aiming to raise up to $550 million at a valuation of about $4 billion, two people with direct knowledge said.
By Reuters |
India's Zetwerk plans to confidentially file draft papers for an initial public offering within the next one to two weeks, aiming to raise up to $550 million at a valuation of about $4 billion, two people with direct knowledge said.
The IPO includes about $300 million in fresh equity, with the rest to be raised through an offer for sale, the sources said.
The contract electronics manufacturer plans to go public later this year and is working with Kotak as the lead banker, while also appointing Morgan Stanley, Goldman Sachs, Pantomath, JM Financial and HSBC, according to the sources.
Zetwerk did not immediately respond to a Reuters request for comment. (Additional reporting by Praveen Paramasivam in Chennai; Editing by Anil D'Silva)
The IPO includes about $300 million in fresh equity, with the rest to be raised through an offer for sale, the sources said.
The contract electronics manufacturer plans to go public later this year and is working with Kotak as the lead banker, while also appointing Morgan Stanley, Goldman Sachs, Pantomath, JM Financial and HSBC, according to the sources.
Zetwerk did not immediately respond to a Reuters request for comment. (Additional reporting by Praveen Paramasivam in Chennai; Editing by Anil D'Silva)
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