Chery Automobile (09973.HK) successfully listed on the Hong Kong Stock Exchange, with Huatai helping to create a new productive engine for development.

According to China Fortune, on September 25th, Chery Automobile Co., Ltd. (hereinafter referred to as "Chery Automobile" or the "Company", stock code 9973.HK), a leading global passenger car company, successfully listed on the main board of the Hong Kong Stock Exchange. The global offering of Chery Automobile was priced at HK$30.75 per share, with a total offering size of approximately USD 1.174 billion (before the exercise of the over-allotment option). This IPO includes an additional 15% over-allotment option, making it the largest first-time H-share IPO since 2023 and the largest IPO of a complete vehicle company in Hong Kong since 2025. The international placement portion of this offering was oversubscribed 11.61 times, while the Hong Kong public offering portion was oversubscribed 308.18 times. Huatai International acted as joint sponsor, sponsor and overall coordinator, overall coordinator, joint global coordinator, joint bookrunner and joint lead manager in this offering.