Biel Crystal Manufactory, the biggest producer of touch-sensitive smartphone screens, will postpone its US$1.5 billion initial public offer to the third quarter, as more companies jostle for investors’ capital amid a build-up in deals pipeline, according to a source close to the IPO.
The Hong Kong-based company hasn’t yet submitted applications to the Hong Kong stock exchange, the source told the South China Morning Post, making a second-quarter listing unlikely.
Biel was…
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