Chery Seeks to Raise Up to $1.2 Billion in Hong Kong IPO
1. Chery intends to raise up to $1.2 billion in HK IPO. 2. Offering price set between HK$27.75 and HK$30.75 per share. 3. IPO could be the largest for a car company this year. 4. Chery's revenue grew 65% to $37.94 billion in 2024. 5. Proceeds will expand vehicle portfolio and enhance production.