{"id":112282,"date":"2025-11-03T02:04:12","date_gmt":"2025-11-03T02:04:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/112282\/"},"modified":"2025-11-03T02:04:12","modified_gmt":"2025-11-03T02:04:12","slug":"mainland-ev-maker-seres-raises-1-8-billion-in-hksar-listing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/112282\/","title":{"rendered":"Mainland EV maker Seres raises $1.8 billion in HKSAR listing"},"content":{"rendered":"

This photo shows the automated production at the Seres Super Factory in Liangjiang New Area, Southwest China’s Chongqing, Sept 19, 2025. (PHOTO \/ XINHUA)<\/p>\n

Electric-vehicle maker Seres Group Co<\/a> raised HK$14.3 billion ($1.8 billion) after pricing its Hong Kong listing at the upper limit it had set and exercising an option to increase its deal size.<\/p>\n

The Chongqing-based company, an EV partner of Huawei Technologies Co, sold about 108.6 million shares at HK$131.50 each, according to a statement Sunday. That includes 8.4 million additional shares that expanded the offering by about 8.4 percent.<\/p>\n

The listing price reflects a 22 percent discount to the 155.19 yuan ($21.8) closing price on Friday in Shanghai, where Seres\u2019 stock already trades.<\/p>\n

Seres\u2019 Hong Kong-listed shares are due to start trading on Wednesday.<\/p>\n

The deal is Hong Kong\u2019s eighth listing this year that raised more than $1 billion. Listing proceeds in the city have already topped the $26 billion Bloomberg Intelligence had forecast for 2025.<\/p>\n

READ MORE: Huawei\u2019s EV partner Seres said to gauge interest for $2b listing in HKSAR<\/a><\/p>\n

Founded in 1986, the company initially produced springs and shock absorbers before expanding into motorcycles and later to EVs. The partnership with Huawei has been a boon for Seres, which is expected to see profits surge 72 percent to a record 10.2 billion yuan this year, according to the average analyst estimate compiled by Bloomberg.<\/p>\n

China International Capital Corp and China Galaxy Securities Co are joint sponsors of the Seres listing.<\/p>\n","protected":false},"excerpt":{"rendered":"This photo shows the automated production at the Seres Super Factory in Liangjiang New Area, Southwest China’s Chongqing,…\n","protected":false},"author":2,"featured_media":112283,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,72741,268,85,46,72742,72740,72743,1011],"class_list":["post-112282","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ev-maker","tag-finance","tag-il","tag-israel","tag-listing","tag-seres-group","tag-shares-sale","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/112282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=112282"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/112282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/112283"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=112282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=112282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=112282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}