Inovance Plans $2 Billion Hong Kong Listing To Buy Into Europe
Shenzhen Inovance, China's largest industrial automation maker at $30 billion, hired four banks to scout European takeover targets.
- Founded 2003, Inovance has traded in Shenzhen since 2010 and now leads China's automation market.
- Bank of America, CICC, Guotai Junan and Morgan Stanley are running the Hong Kong sale.
- Inovance ranks as China's second-largest industrial robot maker, aiming to rival Siemens across Europe.
Why it matters: Capital raised in Hong Kong buys European rivals faster than any tariff can slow it down.
Bloomberg ↗ · Jul 18, 20267/18/26 · ✓ Checked✓ Check