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Shenzhen USB Maker Netac to IPO

Sohu IT, 12/08/09

The Shenzhen Growth Enterprise Market board review committee today approved Shenzhen-based USB solutions developer and supplier Netac Technology's IPO filing.

According to figures from Netac, the company had net profits of RMB 15.77 mln, RMB 38.85 mln, RMB 39.59 mln, and RMB 29.9 mln in Q1-Q3 2006, 2007, 2008, and 2009 respectively. Netac plans to raise RMB 213 mln with an initial offering of 16.8 mln shares.

Keywords: hardware IPO Netac Shenzhen USB profit GEM

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