Group 1 - Chery Automobile has set its Hong Kong IPO price at HKD 30.75 per share, at the high end of the offering range (HKD 27.75 - 30.75) due to strong investor demand [1] - The initial fundraising amount is approximately HKD 91 billion, with some estimates suggesting it could reach HKD 101 billion [1] - Chery is one of China's largest automobile exporters, with projected revenue of RMB 269.9 billion in 2024, representing a year-on-year growth of 65.4% [1] Group 2 - The net proceeds from the IPO will primarily be used for research and development of new models, next-generation automotive technologies, expanding overseas markets, and upgrading production facilities [1] - The company's shares are expected to be listed on the Hong Kong Stock Exchange on September 25 [1] - The public offering was oversubscribed by approximately 10 times on the first day, indicating a strong market response [1]
奇瑞汽车香港IPO定价每股30.75港元，位于招股价区间高端