Deacons advises the sole sponsor Dakin Capital Limited and underwriters in relation to the Main Board IPO of Sprocomm Intelligence Limited.
The company is an ODM (original design manufacturer) mobile phone supplier based in the PRC targeting emerging markets. It ranked the 5th amongst all ODM mobile phone suppliers in the PRC in terms of unit shipments in 2018, according to a market research report commissioned by the company.
The company published its IPO prospectus on 30 October 2019, seeking to raise up to HK$150 million (subject to the exercise of over-allotment option). Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 13 November 2019.
Our team is led by Ronny Chow, Head of our Corporate Finance Practice Group.