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Updated on July 27, 2021 9:24 PM

Apple Vendor Biel Seeks to Raise $ 2 Billion in Hong Kong IPO

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Hong Kong’s Biel, a supplier of touchscreens for the iPhone 12 and more range, is considering an initial public offering that could bring in as much as $ 2 billion in revenue.

As Biel Crystal Manufactory Ltd continues to be accused of alleged racial discrimination in job advertisements, the company is reportedly seeking to go public.

According to Bloomberg, anonymous sources claim that Biel is now working on the offer with banks such as China International Capital Corp., HSBC Holdings, and JPMorgan Chase & Co. More banks may be added, and while deliberations continue, sources expect Biel to file a Request for IPO listing soon.

Neither Biel nor the three mentioned banks have publicly commented.

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