Reuters exclusively revealed that Chinese electric vehicle maker Zhejiang Leapmotor Technology has shelved a plan to raise $1.5 billion through an initial public offering in Hong Kong because of lukewarm investor interest. Bankers and advisers had hoped a deal of the size planned by Leapmotor, which would have been Hong Kong’s largest IPO so far in 2022, would revive the city’s flagging new issue market.
The post Reuters reveals China EV maker Leapmotor puts off $1.5 billion Hong Kong IPO appeared first on Reuters News Agency.
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