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Shares of China’s largest vehicle exporter Chery pop 11% in Hong Kong debut
Chery Automobile raised HK$9.1 billion in an IPO oversubscribed up to 308 times to fund R&D, overseas expansion, and factory upgrades, marking 2025's largest auto sector IPO worldwide.
- Chery Automobile, China's biggest car exporter, rose 11.2% in its trading debut on the Hong Kong Stock Exchange after raising HK$9.1 billion in an IPO.
- The company aims to invest IPO proceeds into research, development, and expanding its product portfolio.
- Chery delivered 1.14 million vehicles to foreign markets in 2024, focusing on regions like Russia and the Middle East.
- Chery's debut was impacted by Super Typhoon Ragasa, leading to the cancellation of its listing ceremony.
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Chery Auto Raises US$1.2B in Hong Kong’s Largest Carmaker IPO of 2025 · TechNode
Chery Automobile (9973.HK), China’s biggest passenger car exporter, listed on the Hong Kong Stock Exchange on Sept. 25 after raising HK$9.1 billion (US$1.2 billion) in the city’s largest carmaker IPO this year. The company sold 297 million H-shares at HK$30.75 each, with 13 cornerstone investors including Hillhouse’s HHLR, Greenwoods and Guoxuan Hong Kong. Shares opened at HK$34.20, 11.2 percent above the offer price. Chery sold 2.6 million vehi…
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Total News Sources23
Leaning Left2Leaning Right3Center10Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
13%
C 67%
R 20%
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