China’s Chery Automobile to price shares at top of range in Hong Kong IPO, sources say

China’s Chery Automobile to price shares at top of range in Hong Kong IPO, sources say
Post Author webadmin
2025-09-22

China’s Chery Automobile to price shares at top of range in Hong Kong IPO, sources say

(Reuters) -China’s Chery Automobile is planning to price its shares at HK$30.75 ($3.96) each to raise $1.2 billion in a Hong Kong initial public offering, two sources with direct knowledge of the matter said on Monday.

The company last week sold 297.4 million shares in a price range of HK$27.75 to HK$30.75 each, according to its regulatory filings.

($1 = 7.7680 Hong Kong dollars)

(Reporting by Scott Murdoch and Kane Wu; Editing by Christian Schmollinger)