New Stock News | It is reported that Avita is planning to submit an application for listing on the Hong Kong Stock Exchange in the fourth quarter and expects to complete the listing in Q2 next year.

According to the Zhizhong Finance and Economics app, it has been reported that Avatr Technology, a company jointly operated by Changan, Huawei, and CATL, plans to submit its IPO application in the fourth quarter and aims to complete its listing in the second quarter of next year. The report states that the company is currently in the final stages of preparing for its Hong Kong IPO, with China International Capital Corporation and Citic Securities as its joint sponsors. Earlier reports suggested that the company planned to raise approximately $1 billion (approximately HK$7.8 billion).