Chang'an Auto, a carmaker based in Chongqing Municipality, plans to raise $500 million to $1 billion in an initial public offering by the end of this year, likely in Hong Kong, Reuters cited an anonymous source as saying. Chang'an Auto has hired Citigroup and Goldman Sachs to handle the offering, which is still in the early planning stages, according to the report.
Chang'an Auto, a carmaker based in Chongqing Municipality, plans to raise $500 million to $1 billion in an initial public offering by the end of this year, likely in Hong Kong, Reuters cited an anonymous source as saying. Chang'an Auto has hired Citigroup and Goldman Sachs to handle the offering, which is still in the early planning stages, according to the report.