Shanghai greenlights Geely Auto’s Star IPO

Auto_ABS_AdobeStock_575x375_03March20
By Addison Gong
29 Sep 2020

Geely Automobile Holdings is one step closer to becoming the first Chinese automaker to debut in the Star market, having received stock exchange approval for a secondary listing in Shanghai.

The listing committee of Shanghai Stock Exchange’s Star board announced the decision on Monday evening. Geely will need to finalise its IPO prospectus and register with the China Securities Regulatory Commission before a deal can hit the market. 

The company’s Hong Kong-listed shares opened at HK$15.5 on Tuesday morning, up from ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial