Chery is preparing for an initial public offering on the Hong Kong Stock Exchange. Although Chery is a holding company, its automotive shares will be offered to the public in the IPO. In these public offerings, Chery 50 billion yuan (244 billion TL) will sell shares at valuation.

Chery Automotive While it stated that it was trying to reach an agreement with the banks on its potential public offering, it stated that negotiations were continuing and that it was possible to change the size of the public offering or the company valuation. Let us also remind you that the Chery Group is also active in areas such as financial services and real estate and is one of the few car brands in China that is not traded on the stock exchanges.

Chery also considered an IPO last year

Chery in mainland China last year to make a public offer He thought about it, but later shelved this plan. The company shelved those plans after stimulus promises sent shares of Chinese companies surging on the Hong Kong IPO market. It is said that $7.2 billion has been raised as a result of the public offerings held on the Hong Kong Stock Exchange so far this year.

Founded in 1997, Chery Auto operates in China and global markets. Chery, Tiggo and Arrizo continues to sell vehicles under its brands. Chery seeks to expand its global manufacturing facilities and continues its investments and factory installations in many regions from Vietnam to Europe.

Chery from Europe after customs restrictions It also plans to open a factory in Europe to produce electric vehicles. Do you think Chery will go public?