Archive · 22 Sep 2025
Chery Automobile IPO Prices at Upper Range Amid Demand
Chery Automobile, a big Chinese car company, is about to sell shares to the public in Hong Kong.
They're setting the price of these shares higher than they initially planned because many investors want to buy them.
The price is set at HK$30.75 per share.
This means the company will make about $1.2 billion.
Big investors, like Hillhouse Investment, have already promised to buy a lot of shares and will keep them for at least six months.
The company is seeing strong demand, and the shares will start trading on Thursday.
Chery Automobile's IPO is pricing at the upper end of its range.
The IPO price is set at HK$30.75 per share.
The company expects to raise about $1.2 billion from the IPO.
Trading is scheduled to begin on the Hong Kong Stock Exchange on Thursday.
The IPO has attracted cornerstone investors, including Hillhouse Investment.
- Who
- Chery Automobile Co., China’s largest car exporter.
- What
- Is poised to price its initial public offering (IPO) in Hong Kong at the high end of its marketed range.
- When
- Trading is scheduled to begin on the Hong Kong Stock Exchange on Thursday.
- Where
- Hong Kong Stock Exchange
- Why
- Reflects robust investor interest in the IPO.
- Company
- Chery Automobile Co.
- IPO Price
- HK$30.75 per share
- Expected Funds Raised
- Approximately HK$9.1 billion ($1.2 billion)
- Trading Start Date
- Thursday
- Cornerstone Investors
- Including Hillhouse Investment
- Cornerstone Investment Value
- Around $587 million
- Investor Commitment
- Minimum six months