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3Novices:Tencent-backed Yixin’s IPO is Hong Kong’s 10th hottest ever as investors eye China’s online car sales growth

Yixin Group, China’s largest online car retailer, has priced its highly-anticipated initial public offering at the upper end of the price range to raise a total HK$6.77 billion (US$870 million), as investors eye the rapid rise of vehicle e-commerce in the mainland.
The offering, the third largest by an internet business in Hong Kong this year, has been oversubscribed 560 times by retail bidders, with locked-in investor capital of HK$382 billion, making it the 10th hottest IPO in the city…
November 15, 2017 at 12:29PM http://ift.tt/2A112pY
#3Novices #News #OnlineMedia #China 3Novices China

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