<IPO>Chery Automobile Plans to Raise US$1.5B from HK IPO: Wire
Chery Automobile, which has already submitted its listing application to the Hong Kong Stock Exchang...
Chery Automobile, which has already submitted its listing application to the Hong Kong Stock Exchange, expects to raise around US$1.5 billion from its IPO, Bloomberg reported, citing sources.
This IPO will be led by Chinese banks, with no participation from major Wall Street firms. JPMorgan, which was appointed to handle the IPO at the end of last year, is no longer involved in the deal.
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