The largest shareholder of PC maker Lenovo, which this week is conducting a series of sales rallies in Raleigh, has reportedly filed for an initial public offering with the Hong Kong stock exchange.
Bloomberg News, citing a person knowledgeable about the situation, reported that Legend Holdings, a Chinese investment firm that holds a 30.6 percent stake in Lenovo, plans to raise more than $2 billion from an IPO this year.
China-based Lenovo, the world’s top producer of PCs, has a headquarters in Morrisville and employs about 3,500 workers in the Triangle.
On Tuesday Lenovo held its annual global sales kickoff at the PNC Arena, an event that was led by Chairman and CEO Yang Yuanqing. Then the company shifted to the Raleigh Convention Center for its North American sales kickoff, an event that will run into next week.
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Last year, according to the convention center, the sales kickoffs generated $2.1 million in direct economic impact.