BEIJING—A unit of Taiwan’s contract electronics manufacturer Foxconn Technology Group said it plans to raise 27.1 billion yuan, or $4.25 billion, through an initial public offering in Shanghai, potentially marking China’s biggest IPO since 2015.
Shenzhen-based Foxconn Industrial Internet Co., assembles Apple Inc.’s iPhones according to people familiar with the matter, as well as cloud-computing and telecommunication-network equipment. It will offer 1.97 billion shares for 13.77 yuan each, the company said in a prospectus filed...