BYD launches share sale to raise up to $5.2 billion, term sheet shows
A logo of BYD is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
HONG KONG : Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday.
The company has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4 per cent discount compared to the stock's market closing price of HK$363.60 on Monday, the term sheet showed.
Source: Reuters
