HiPhi, a Chinese electric car manufacturer, is planning an IPO in Hong Kong later this year.
Human Horizons Group Inc., shanghai – Based, is collaborating with UBS Group AG and Jp Morgan on a prospective IPO that may raise $300 million to $500 million.
Shanghai company moves listing from US to Hong Kong
Initially, the firm intended to do its public offering in the United States, but it has since relocated to Hong Kong. Negotiations are continuing, and the number and timing of the fundraising may change.
Human Horizons Group, which was established in 2017, designs and manufactures the HiPhi luxury electric vehicle line, which was revealed in 2019.
n 2020, EV tested autonomous parking technologies in a production version of the HiPhi SUV using 5G connectivity. The sales reached over 4,200 units of these increased automobiles since its launch in May 2021.
Human Horizons is the most recent addition to a growing list of Chinese electric car firms preparing for their debut stock offering in Hong Kong.
Hozon Energy Automobile Co., following Bloomberg News, is planning an initial public offering (IPO) to raise around $1 billion. In addition, WM Motor Technology Co. is considering a $1 billion IPO in Hong Kong. this calendar year
Segiola Capital Leapmotor, supported by China, is in talks with banks over a prospective Hong Kong offering this year.