This file photo dated July 4, 2018 shows the bronze bull sculptures outside the Hong Kong Stock Exchange building in Central, Hong Kong. (CALVIN NG / CHINA DAILY)
Chinese mainland companies iMotion Automotive Technology and Henan Jinyuan Hydrogenated Chemicals are making a last-minute dash to list in the Hong Kong Special Administrative Region before the end of the year, seeking a combined $130 million, according to regulatory filings lodged on Tuesday.
Self-driving firm iMotion is looking to raise HK$655.7 million ($84.00 million) by selling 22.11 million shares at HK$29.65 per share in a deal launched on Wednesday, the filings showed.
There was $2.7 billion raised in the first three quarters of 2023 in the SAR, according to LSEG data
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The initial public offering (IPO) has been pared back after the company initially aimed to raise $100 million, Reuters reported in November.
iMotion had earlier planned to raise up to $300 million but the ongoing financial market volatility prompted the company to reduce its fundraising target, one source with direct knowledge of the matter said previously.
Chemicals supplier Henan Jinyuan is looking to raise up to HK$358.4 million ($45.92 million) by selling 238.9 million shares at a price range of HK$1.10 to HK$1.50 each, its filings showed.
Elsewhere, lithium ion battery manufacturer REPT BATTERO will finalize on Wednesday the pricing for its Hong Kong IPO that is aiming to raise up to HK$2.4 billion ($307.48 million).
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There was $2.7 billion raised in the first three quarters of 2023 in the SAR, according to LSEG data.