Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics push

Apple supplier Lingyi iTech is looking beyond smartphones, seeking to raise up to HK$8.3 billion (US$1.1 billion) in a Hong Kong initial public offering (IPO) to fund an ambitious expansion into artificial intelligence hardware and humanoid robotics. The Shenzhen-listed electronic components maker is expected to debut on the Hong Kong stock exchange on Friday after offering 811.8 million shares at a maximum price of HK$10.18 each, according to a company filing. The subscription period opened...