Chinese IPOs

Great Wall Motors delays $500 million IPO

Chinese carmaker Great Wall Motors worries that the current market volatility will hurt its IPO price.
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Great Wall Motors' longest model: the Hover, described as fashionable and personal
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<div style="text-align: left;"> Great Wall Motors' longest model: the Hover, described as fashionable and personal </div>

Great Wall Motors, a Chinese maker of sports utility vehicles and pick-up trucks, has announced that it wants to “choose a better time” for its planned Rmb3.17 billion $500 million share sale in the A-share market, citing the current volatility as a reason for delaying the deal.

The company, which is based in Baoding in northern China and listed in Hong Kong, said earlier this month that it would issue 304 million A-shares, or 10% of its enlarged share capital, to raise funds for expansion, according to an IPO prospectus filed to the China Securities Regulatory Commission CSRC.

The group, which has said it hopes to...

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