CaoCao Inc. (HKG:2643) launched its initial public offering in Hong Kong that seeks to raise up to HK$1.85 billion, according to a Tuesday Hong Kong bourse filing.
The Geely-backed ride-hailing platform is offering up to 44,178,600 shares at a maximum offer price of HK$41.94 each, comprising 4,417,900 shares under the Hong Kong public offering and 39,760,700 shares under the international tranche
CaoCao secured six cornerstone investors, who committed to subscribe for a combined HK$951.6 million worth of IPO shares. These include Mercedes-Benz Mobility Services, Mirae Asset Securities, Infini Global Master Fund, Gotion High-Tech (HK), EVE Asia, and RoboSense Hong Kong.
The issuer expects to determine its offer price on June 24 and disclose the allocation results the same day. It will then start trading on the Hong Kong bourse on June 25, according to the filing.
Proceeds from the deal will be used for on auto solutions, vehicle expansion, and tech investment.
CICC, Huatai International, ABCI Capital, GF Securities, China Galaxy International, CEB International, BOCI Asia, Soochow Securities, are among the joint bookrunners.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。