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<IPO>HK & CHINA GAS-backed EcoCeres Said to Appoint Investment Banks for HK IPO, Aiming to Raise Max. US$1B
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EcoCeres, a local renewable fuel company incubated and strategically backed by HK & CHINA GAS (00003.HK), has appointed Deutsche Bank, HSBC, Morgan Stanley and UBS to advance potential Hong Kong listing preparations, with expectations to possibly list within this year, Bloomberg quoted sources as saying. Early last year, there were reports that EcoCeres planned to list in Europe, with the preferred listing venue possibly being the London Stock Exchange (LSE), aiming to raise between US$500 million to US$1 billion, targeting a valuation of US$5 billion. As of December 2025, there were market rumors that EcoCeres was considering conducting an IPO in Hong Kong first, aiming to raise up to US$1 billion, and planning to conduct secondary listing in other markets after listing in Hong Kong. AASTOCKS Financial News Website: www.aastocks.com |
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