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HONG KONG (Reuters) -China's Lenovo Group, the world's largest maker of personal computers (PCs), reported stronger-than-expected earnings on Thursday, with revenue returning to growth after five ...
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Prior to the IPO, many analysts were optimistic about Lenovo. On its first day of trading, the company's stock price hit a high of HK$2.07 and closed at HK$2.00 suggesting an initial under-valuing of the company. Proceeds from the offering were used to finance sales offices in Europe, North America and Australia, to expand and improve ...
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In 2014, Lenovo was the world's largest personal computer vendor by unit sales. [17] It markets the ThinkPad line of notebook computers and the ThinkCentre line of desktops. [18] Legend Holdings is the largest shareholder of Lenovo, holding 30.6 percent of Lenovo's equity. [19]
Prior to Lenovo's IPO, many analysts were optimistic. The company was praised for its good management, strong brand recognition, and growth potential. Analysts also worried about Lenovo's profitability. Lenovo's IPO was massively over-subscribed. During the first day of trading the company's stock price hit a high of HK$2.07 and closed at HK$2.00.
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