Yadea rides into HK with $240m IPO

Yadea Group could be the first pure-play electronic vehicle manufacturer listed in Hong Kong and provides some welcome diversity for investors after a rush of financial IPOs.

Yadea rides into HK with $240m IPO

Yadea Group Holdings, a manufacturer and seller of electric motorcycles and bicycles, is targeting as much as HK$1.86 billion $240 million from an initial public offering in Hong Kong officially launched on Thursday.

The Huizhou, Guangdong-headquartered company is set to be the first pure-play electric vehicle manufacturer listed in Hong Kong, so will offer some welcome diversity to an equity capital market that has been skewed towards financial institutions so far this year.

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