Market Chatter: Seres Mulls Secondary Listing in Hong Kong

MT Newswires Live2024-12-12

Seres (SHA:601127) is considering a secondary listing in Hong Kong by as early as 2025, Bloomberg News reported, citing people familiar with the matter.

The electric vehicle partner of Huawei is now speaking with prospective advisers regarding the listing that could help it raise more than $1 billion, the report said.

Seres is still deliberating on the details and the size and timing could change, the report said.

Seres did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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