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<IPO>'Dongchedi' Explores HK IPO as Soon as This Yr, Aiming to Raise US$1-1.5B
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Chinese auto information and transaction platform, Dongchedi, is considering a Hong Kong IPO as early as this year, Bloomberg quoted sources as saying. The Company is seeking bank assistance for a potential listing. Two insiders stated the Company may raise between US$1 billion and US$1.5 billion. Discussions are ongoing, with the fundraising scale and timeline still subject to change. Dongchedi was spun off from ByteDance and began independent operations starting at the end of 2023, pursuing its own development path. AASTOCKS Financial News |
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