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Chery to Launch Hong Kong IPO Bookbuild on Sept 17, Targeting HK$140B Valuation
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TechNode
China’s Chery Automobile will open books for its Hong Kong initial public offering on September 17, aiming for a valuation of about HK$140 billion after clearing its hearing earlier this month, International Financial News reported.
The automaker seeks to raise US$1.5–2.0 billion (HK$11.7–15.6 billion) in what could become the largest carmaker IPO in Hong Kong this year.
Chery is the last major Chinese automaker to pursue a listing, after multiple unsuccessful IPO attempts since 2004.
The company sold 2.6 million vehicles in 2024 (up 38% year-on-year), including 1.14 million exports, ranking as China’s top passenger car exporter for 22 consecutive years.
[International Financial News, in Chinese]Related
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