China's BYD raises $5.59 billion in share sale

China's BYD raises $5.59 billion in share sale, Hong Kong's largest in four years
Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years.
BYD’s share sale spotlights Hong Kong’s revival
BYD’s fundraising echoes the approach taken by many Chinese companies including Anta Sports, which raised $1.5bn in Hong Kong in a follow-on offering in 2023, to strengthen its financial position and accelerate its global expansion. Its subsidiary Amer Sports also pushed further into global markets, listing in the US last year.
BYD raises billions on Hong Kong stock exchange
BYD has completed a sale of shares listed on the Hong Kong Stock Exchange to raise the equivalent of 5.33 billion euros. BYD plans to invest the proceeds in
BYD raises US$5.6 billion in upsized Hong Kong share sale
Chinese electric vehicle maker BYD Co raised HK$43.5 billion (US$5.6 billion) in Hong Kong’s biggest share sale in nearly four years.
BYD raises $5.6 bln in share sale, Hong Kong's biggest in years
Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years. Julian Satterthwaite reports.
BYD’s $5.6 Billion Share Sale Gobbled Up By Long-Term Investors
Long-term investors snapped up a significant chunk of BYD Co.’s $5.6 billion stock offering, people familiar with the matter said, a vote of confidence in the electric-vehicle maker and Chinese equities more broadly.
BYD seeks HK$40.7 bil in biggest Hong Kong share sale in four years
The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg.
BYD raises $5.59 billion in share sale, Hong Kong's largest in four years
BYD said the transaction was the largest equity follow-on offering globally in the automotive sector in the past decade.
BYD Stock Plunges on $5.6B Share Placement
Chinese electric vehicle giant BYD (BYDDF) said it raised almost $5.6 billion in a share sale on Tuesday, driving investors to offload the
Chinese EV Maker BYD To Raise $5.6 Billion To Fund Global Expansion
BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 ...
BYD shares nosedive after US$5.6 billion placement announcement
The EV maker’s rationale for the placement is reasonable, despite short-term share-price drop on the news, an analyst says.
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China's BYD raises $5.59 billion in share sale, Hong Kong's largest in 4 years
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