Aztech Global Ltd IPO (“Initial Public Offering”) is the latest talk in town. Basically, Aztech Global describes itself as a key technology enabler for the connected world of tomorrow, with a focus on providing one-stop design and manufacturing services. The company manufactures IoT (Internet of Things) devices, Data-communication products and LED lighting products. Some example of IoT devices that the company manufactures are smart security cameras, IoT lighting products, home plugs, satellite modems, climate control mattresses and tracking devices. IoT devices and Data communication products makes up 82.6% of the company’s FY20 revenue and 17.2% comes from LED lighting. North America and Europe contributes 59.7% and 32.9% of its revenue respectively while 7.4% comes from other markets. Now that we understand what the company is doing, you may be wondering why Aztech Global is seeking for an IPO? The company believes that the global IoT market is still growing and there is a rising demand for energy efficient lighting products....