Foxtron Vehicle Technologies Co Ltd (Ticker: 2258 TT), operating in the Automotive - Cars & Light Trucks industry, announced an Initial Public Offering on 11/13/2023. Based in Taiwan, Foxtron aims to raise TWD 6.3750B (USD 197.17M) through the IPO, with an offer price set at TWD 50.00 (USD 1.5465) per share. The company will offer 127.50M primary shares, with the expected listing date on the Taiwan Stock Exchange being 11/20/23. The Market Capitalization at offer is TWD 87.07B (USD 2.69B). The offering is managed by Grand Fortune Securities Co.

Foxtron Vehicle Technologies, affiliated with the electronics manufacturing giant Foxconn, specializes in electric vehicle design and production. The company provides components and after-sales service for Original Brand Manufacturers (OBMs). Foxconn, known primarily as an iPhone assembler, has recently ventured into the automotive industry, revealing three electric vehicle prototypes under the "Foxtron" brand - the Model C SUV, the Model E sedan, and the Model T bus.