Seres Considers Listing in Hong Kong to Raise Over $1 Billion
Huawei’s electric car partner Seres is considering a secondary listing in Hong Kong, and is discussing plans to issue shares in Hong Kong with potential advisors. The secondary listing may help the company raise over $1 billion.
Reports citing sources familiar with the matter said that Seres could potentially list in Hong Kong as early as next year. However, discussions are still ongoing and details such as the size of the offering may change. Regarding rumors of a secondary listing, Seres told the media that they have no relevant information at this time.
Seres is a company focused on electric vehicles and related technologies. Data shows that from January to November this year, Seres’ new energy vehicle sales reached 389,566 units, an increase of 255.26% year-on-year.
