Chery Automobile makes $1.2bn HKEX IPO debut

Chinese carmaker Chery Automobile has raised gross proceeds of HK$9.145 billion (around $1.2 billion) through an initial public offering (IPO) on the Hong Kong Stock Exchange, under the ticker 09973; the firm started trading on the exchange on September 25.   The final offer price was at the top end of HK$30.75 of the 297.4 million H shares, with 29.74 million offer in the Hong Kong and the rest internationally, according to a document submitted to the HKEX on September 24.   Chery’s listing is the largest ...