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Sep 18, 2025 8:00 AM

Carmaker Chery Launches Blockbuster Hong Kong IPO

Car maker Chery Automobile Co. Ltd. on Wednesday launched its Hong Kong IPO, aiming to raise more than $1 billion in what's likely to become the largest listing by a major vehicle company this year. The company aims to sell about 297 million shares for between $27.75 and HK$30.75 each, according to a Wednesday stock filing marking the IPO's launch. A price at the top of that range would raise as much as about HK$9.14 billion ($1.18 billion).

Chery ...