Chinese smart power grid supplier Holystar eyes $323m in STAR Market IPO

Chinese smart power grid supplier Holystar eyes $323m in STAR Market IPO

Photographer: Asad Zaidi/Bloomberg

Shanghai Holystar Information Technology Co., Ltd, a developer of smart power grid networks based on internet of things (IoT), is looking to raise 2.2 billion yuan ($323 million) in an initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market.