A car produced by Chinese automobile shaper Chery is connected show for merchantability astatine a dealership successful Vladivostok, Russia, March 22, 2023.
Tatiana Meel | Reuters
China's largest conveyance exporter, Chery Automobile, saw its shares leap successful its Hong Kong debut aft raising 9.1 cardinal Hong Kong dollars (US$1.2 billion) done an archetypal nationalist offering.
The banal traded astatine HK$34.16, astir 11% supra the IPO terms of HK$30.75. Chery is among a question of Chinese companies tapping Hong Kong's thriving IPO market.
While the motorboat proceeded arsenic scheduled, the institution canceled its planned listing ceremonial astatine the Hong Kong Stock Exchange owed to the city's shutdown pursuing Super Typhoon Ragasa the time before.
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