It is reported that Chery automobile is expected to set the price for its Hong Kong IPO at the high end of the offering price range.

Insiders revealed that due to strong demand from investors, Chery Automobile is expected to set its Hong Kong IPO price at the highest end of the offer price range. The sources said that the largest Chinese car exporter plans to set the offer price at HK$30.75 per share. The lower limit of the offer price range is HK$27.75 per share. Chery Automobile's stock is expected to be listed on the Hong Kong stock exchange on Thursday. With the above-mentioned offer price, Chery Automobile's Hong Kong IPO is expected to raise HK$9.1 billion.