Ping An-backed Autohome kicks off secondary listing

By Jonathan Breen
03 Mar 2021

Online car marketplace Autohome has launched the roadshow for a secondary listing in Hong Kong. The float of new and existing stock could raise up to HK$7.6bn ($983.2m).

The Chinese company, which already trades on the New York Stock Exchange, is floating 30.3m ordinary shares on the HKEX. The firm’s largest shareholder is Yun Chen — a Cayman Islands-based special purpose vehicle and subsidiary of Ping An Group — which is selling 10.1m shares in the ...

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