TENCENT-backed Tuhu Car Aims USD700M HK IPO: Report_老虎社区_美港股上老虎

TENCENT-backed Tuhu Car Aims USD700M HK IPO: Report

Bulltrader
2022-01-24

Tuhu Car plans to capture approximately USD700 million through a HK IPO, foreign media reported. The company will use the proceeds to enhance supply chain capabilities, research and develop, expand store network and franchisee base and invest in industries related to NEV services, according to the preliminary prospectus.

The Main Board listing application has been filed at the Hong Kong Stock Exchange. Tuhu Car has introduced TENCENT (00700.HK) -6.400 (-1.348%) Short selling $768.97M; Ratio 19.393% , Baidu Hong Kong, Carlyle Group, Legend Capital, Sequoia China and Hillhouse Capital etc.. as investors, with TENCENT holding over 19% stake, according to the preliminary prospectus.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2022-01-24 12:25.)

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