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Sep
Chery Shares Surge 11.2% on Hong Kong Debut After $1.2B IPO
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News Editor / 3 weeks
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Shares of Chery Automobile Co., one of China’s leading car exporters, jumped 11.2% in their Hong Kong trading debut Thursday after a US$1.2 billion IPO, in what is among the largest automotive listings in the city this year. Chery priced its offering at HK$30.75 per share, the top end of its marketed range (HK$27.75–30.75). The stock […]