China approves IPO of Foxconn Industrial Internet Co.

A Chinese netizen browses the website of Foxconn Technology Group in Ji'nan city, east China's Shandong province, 11 February 2018.[Photo: IC]

China's securities regulator on Friday approved the initial public offering (IPO) application from Foxconn Industrial Internet Co.

The China Securities Regulatory Commission said in a statement that Foxconn and its underwriters will confirm dates and publish prospectus following discussion with the Shanghai Stock Exchange.