Fund Raising

Momenta has confidentially filed for a Hong Kong IPO, abandoning plans for a New York listing, according to Reuters.

Avatr is an EV brand jointly established by Changan, Huawei, and CATL, originally named Changan Nio.

As of press time, Seres was down 4.79 percent in Hong Kong morning trading, with a market capitalization of HK$217 billion ($27.9 billion).

Beyond additional investment from founding shareholders, Mirattery has brought in two state-owned enterprises as shareholders.

Seres priced its Hong Kong stock offering at HK$131.50 per share, the upper end of its range.

Seres submitted its application for a Hong Kong listing in April, aiming to advance its global expansion and establish an international capital operation platform.

Following the funding, CAIT-SH is valued at over RMB 10 billion, becoming the first unicorn in the skateboard chassis sector.

If the funding goes ahead, it could help propel Momenta toward an eventual IPO.

Chery's IPO was priced at the upper end of its offering range, raising HK$9.14 billion ($1.18 billion).

Xpeng has completed RMB 710 million ($100 million) ABS issuance to supplement working capital and support the development of its leasing business.