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BYD launches share sale to raise up to US$5 billion, its biggest post-IPO fundraising

SCMP LogoSCMP8h ago

BYD launches share sale to raise up to US$5 billion, its biggest post-IPO fundraising - SCMP

Quick Summary:

The carmaker will use the proceeds from the share placement for research and development and overseas expansion.

CLSA, Goldman Sachs and UBS are the joint placing agents for the deal.

This is the biggest post-IPO fundraising by BYD since its listing in Hong Kong in 2002.

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BYD launches share sale to raise up to US$5 billion, its biggest post-IPO fundraising - SCMP (Picture 1)

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 19:00:30 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 171 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26620228

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 18 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "BYD launches share sale to raise up to US$5 billion, its biggest post-IPO fundraising" has 171 words across 8 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "BYD launches share sale to raise up to US$5 billion, its biggest post-IPO fundraising" was covered 8 hours ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 18 news stories per day.

It's most recent story was published 6 hours ago.

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  • News ID: #26620228
  • URL: https://chronographically.beamstart.com/news/byd-launches-share-sale-to-17410001513713

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