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Driverless firms Pony.ai, WeRide raise HKD9bn in HKEX IPOs
Around 13 firms have guided the IPOs of two Guangzhou-headquartered driverless technology companies, Pony.ai and WeRide, on the HKEX main board, raising HKD6.7 billion (USD856.6 million) and HKD2.39 billion, respectively. The listings mark milestones for both the companies and the autonomous driving technology sector. Pony.ai is the largest IPO in the autonomous driving sector this year to date…
Firms steer Chery’s HKD9bn IPO in largest carmaker debut for HK
China’s second-largest domestic carmaker Chery Automobile has raised HKD9.14 billion (USD1.2 billion) in its Hong Kong debut, making it the city’s largest carmaker IPO so far this year. The transaction was completed with the assistance of eight law firms, comprising Baker McKenzie, FenXun Partners, Jingtian & Gongcheng, Zhong Lun Law Firm, Hogan Lovells, Pillsbury, Linklaters and Haiwen &…
