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Chinese automaker Chery to raise up to $1.5b in HK IPO
September 18, 2025
|The Straits Times
Chinese automaker Chery Automobile will aim to raise up to HK$9.15 billion (S$1.5 billion) in a Hong Kong initial public offering, the largest deal of its kind for the city in 2025.
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China’s biggest car exporter is offering 297.4 million shares at HK$27.75 to HK$30.75 each, according to its prospectus released on Sept 17. That excludes options to increase the size of the deal if demand is strong. Trading is set to begin on Sept 25.
Chery, best known for its Chery, Jetour and iCar brands, is seeking to tap investor appetite as it expands in the competitive electric and smart vehicle market.
It joins the barrage of Chinese firms going public in Hong Kong, where listing proceeds have soared to a four-year high.
هذه القصة من طبعة September 18, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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