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<IPO>ByteDance's Dongchedi Plans HK IPO to Raise HKD11.7B Max.: Sources
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ByteDance's mainland automotive information and trading platform Dongchedi reportedly tapped Citi and Goldman Sachs to arrange a Hong Kong IPO to raise USD1-1.5 billion (approximately HKD7.8-11.7 billion) to support its independent operations and business expansion.

However, the listing plans are still in the preliminary stage, with the fundraising scale and timeline subject to changes.

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