China's vehicle trading platform Chehaoduo plans to float on the US bourse as soon as 2024, with a target of raising about US$200 million, according to people with the knowledge of the matter quoted by IFR, a subsidiary of Reuters. It is currently in contact with consulting agencies to advance preparations for its initial public offering (IPO).Based on the official website, Chehaoduo is engaged in new and used car trading services, car finance, insurance brokerage, after-sales protection, repair and maintenance and other full-industry chain services.Related NewsCiti Expects TENCENT's 2025 Adjusted NP to Grow ~10%; TP Raised to HKD695Its investors include SoftBank Vision Fund, HongShan, H CAPITAL, TENCENT (00700.HK) -3.500 (-0.672%) Short selling $476.31M; Ratio 13.962% , DST Global, HIKE Capital, YF Capital, GIC, ICBC International, IDG Capital, and more. As early as 2021, there had been hearsay that Chehaoduo was preparing for its latest round of financing and considering a listing in Hong Kong as soon as the end of 2022, although the company later denied the rumors.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 12:25.)