Singapore engineering firm Amtek Engineering plans to raise as much as $550 million in its initial public offering, according to a note seen by Reuters.
Amtek, delisted about three years ago after being bought by private equity firm CVC Capital [CVC.UL] and a unit of Standard Chartered <STAN.L>, could issue as many as 342 million shares, including greenshoe and upsize options, at a price of $1.30-1.60 per share, according to the note.
Amtek, which manufactures precision metal, plastic and rubber components, counts electronics firms like Dell and Hewlett-Packard among its customers.