Thailand-based manufacturer Fabrinet in New York flotation to allow strategic investor JDS Uniphase to sell down its minority holding.
JDS Uniphase, a North America-listed maker of optical networking equipment, is expected to sell down its minority strategic stake in Thailand-based manufacturer Fabrinet in its New York flotation.
JDS owns 6.5% of Fabrinet and had previously sold manufacturing plants across Asia and the US to the company after outsourcing business to the firm after 2000. It is expected to sell its stake down to 1.2% after the listing.
Fabrinet will sell 8.5 million shares at between $12 and $14 each…
