QualityStocksNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Board of Directors Approves Pursuit of DPW Technology Group IPO
DPW Holdings (NYSE American: DPW) this morning announced that its board of directors has authorized the officers of the company to pursue a separate listing and initial public offering (“IPO”) of its DPW Technology Group, which is comprised of DPW’s defense and aerospace businesses as well as the electronics and power solutions businesses. Completion of the IPO is anticipated to occur in the first half of 2019, at which time DPW is expected to remain a majority shareholder of the new entity. DPW Technology Group plans to hire a chief executive officer to provide leadership during the IPO and to…