On December 16, according to Bloomberg, people familiar with the matter said,Power bank manufacturer Zhenghao Innovation Technology is considering an initial public offering (IPO) in the United States. Zhenghao Innovation has received investment from Sequoia China. Companies of this size rarely choose to list in the United States.
Zhenghao mobile power supply
According to people familiar with the matter, Zhenghao Innovation is working with investment bank advisers and may issue shares throughRaise at least $300 million.The timing of Zhenghao Innovation's IPO depends on when the company receives approval from China's securities regulators.This year, most IPOs by Chinese companies in the United States have been smaller and completed through special purpose acquisition companies (SPACs).
People familiar with the matter said that details such as the IPO size of Zhenghao Innovation are still preliminary information and may change in the future.
As of press time, Zhenghao Innovation has not commented on this.