According to Reuters, Beijing Automotive Co., Ltd., which is owned by German Daimler, plans to apply for IPO in Hong Kong on Thursday, and will raise $1.5 billion.
If the listed financing plan is approved by the China Securities Regulatory Commission, BAIC will introduce it to investors, and the IPO roadshow will start on December 8th, and the official price will be announced on December 12.
A spokesman for BAIC declined to comment on BAIC's IPO plan.
CITIC Securities, Deutsche Bank, HSBC and UBS are the main guarantors of BAIC IPO.
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